Individuals are more likely to engage in productive activities when institutions and policies
a. create a fair and unbiased judicial system.
b. result in high and variable rates of inflation.
c. transfer a large share of income through the political process.
d. are used to centrally plan the economy.
A
You might also like to view...
What results once tradable pollution permits have been allocated to firms?
a) The government controls the price of permits. b) The total amount of pollution governed by the permit will always decrease. c) The value of pollution-saving technology is always lower than the market value of a pollution permit. d) Firms that can reduce pollution only at high cost will be willing to pay the most for the pollution permits.
Answer the next question on the basis of the following information for a bond having no expiration date: bond price = $1,000; bond fixed annual interest payment = $100; bond annual interest rate = 10%. If the price of this bond increases to $1,250, the interest rate will
A. rise to 11%. B. fall to 9%. C. rise to 12%. D. fall to 8%.
The upward-sloping portion of the perfectly competitive firm's average total cost curve is the firm's short-run supply curve.
Answer the following statement true (T) or false (F)
Launching the complicated version would be a mistake for probabilities less than ___?
a. 0.2 b. 0.28 c. 0.30 d. 0.32