Mechanism design can be used to provide employers and employees with the right incentives in labor markets.
Answer the following statement true (T) or false (F)
True
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For activities in which the benefits are concentrated and the costs widespread, governments are likely to undertake
a. too little of these activities relative to what would be efficient. b. too much of these activities relative to what would be efficient. c. exactly the amount of these activities that would be efficient. d. none of these activities.
Compromise between the desire to facilitate international trade and the need to give domestic governments latitude to govern their economies is called
a. economic structuralism. b. embedded liberalism. c. reciprocity. d. voluntary export restraint.
In the basic aggregate expenditures model, a decrease in autonomous expenditure
A. increases equilibrium output. B. reduces equilibrium output. C. reduces potential output. D. increases potential output.
Quick conclusions about real per student spending should be made with care because
A. more money is devoted education generally, but an increasing share is spent on special education. B. less money is spent on special education and less is also spent on everything else. C. more money is spent on non-instructional spending and less is spent on instructional spending. D. more money is spent on special education and less is spent on everything else.