Which of the following is not an example of an incomes policy?
A. presidential jawboning
B. unemployment insurance
C. wage and price guidelines
D. wage and price controls
Answer: B
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Recall the Application. The equilibrium price of pecans increased because the demand curve shifted
A) up and to the right. B) up and to the left. C) down and to the right. D) down and to the left.
Explain the impact, if any, of each of the following on the production possibilities curve:
a. Europe's population fell by 30 to 60 percent following an outbreak of bubonic plague, also known as Black Death, in the fourteenth century. b. In the next 20 years, a sizeable proportion of the United States labor force is expected to include many people who are above the age of 65 . c. Canada recently discovered large reserves of shale gas (shale gas is natural gas that is trapped in fine-grained sedimentary rock).
How does the increasing use of MP3 players affect the market for compact discs?
A) The demand curve for compact discs shifts to the left. B) The supply curve for compact discs shifts to the left. C) The demand curve for compact discs shifts to the right. D) The supply curve for compact discs shifts to the right.
In a typical prisoner's dilemma with two prisoners, the prisoners will serve the least number of years in prison if both of them confess their crimes
a. True b. False Indicate whether the statement is true or false