Refer to the scenario above. The housekeeper behaves in this particular way due to the ________
A) existence of asymmetric information
B) presence of a positive externality
C) presence of a free-rider problem
D) existence of high incentive to work
A
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A defining feature of new growth theory is that it involves economic models of growth which account for
A) political changes. B) capital flight. C) technological progress. D) population increases.
Three of the four events described below might reasonably be expected to shift the demand curve for Tacos to a new position. One would not shift the demand curve. The single exception is:
a. a change in people's tastes with respect to Tacos. b. an increase in the money income of beef consumers. c. a widespread advertising campaign undertaken by the producers of a product competitive with Tacos. d. a fall in the price of Tacos.
Who said this? "Who is entitled to the rent of land? The producer of the land without doubt. Who made the land? God. Then, proprietor, retire!"
A. David Ricardo B. Henry George C. Pierre Joseph Proudhon D. Joseph Schumpeter
The basic difference between macroeconomics and microeconomics is that:
A. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). B. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. C. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). D. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.