Which of the following is a Nobel Prize winning economist who argued that theories should be tested based on the validity of their predictions?

A) Milton Friedman.
B) Ben Bernanke.
C) Alan Greenspan.
D) Larry Summers.


A

Economics

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The long-run aggregate supply curve is vertical

Indicate whether the statement is true or false

Economics

A famous cartel that dramatically increased the price of oil in the mid-1970s was

a. OTEC b. IMF c. OECD d. OPEC e. LDC

Economics

The marginal cost curve intersects the minimum of which of the following cost curves?

A. AFC. B. MPP. C. TC. D. ATC.

Economics

If a private good generates external benefits:

A. the social benefit will be greater than the private benefit. B. the social benefit will equal the private benefit. C. the social benefit will equal the private benefit minus the external benefit. D. the external benefit will equal the private benefit plus the social benefit.

Economics