In Marx's ideal communist society, the state:
a. actively promotes income incentives. b. follows the doctrine of laissez faire.
c. owns resources and conducts planning. d. does not exist.
d
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Policy lags are typically much shorter for monetary policy than for fiscal policy
a. True b. False Indicate whether the statement is true or false
A World View article, "The Female 'Inequality Trap,'" says that in many poor nations the "… returns on female human capital investment is low." When women are not allowed to work outside the home or to receive an education, this is referred to as
A. An inequality trap. B. A justice gap. C. A productivity trap. D. A prejudice gap.
Refer to the graph shown. The areas that represent the net gain to society of eliminating the monopoly are:
A. A and B. B. A and C. C. D and B. D. D and C.
In the short run, if ATC is greater than price at the output level where MC = MR then:
A) new firms may be incentivized to enter the industry. B) the firm may be able to minimize losses. C) the firm will shut down. D) the firm will realize an economic profit..