One reason why the Soviet Union grew slowly in the 20th century compared to the United States and Western Europe was that it:
A. licensed too many private enterprises, creating destructive competition.
B. invested in too many consumer goods.
C. did not invest as much in capital goods.
D. did not provide incentives for individuals to produce what consumers valued.
Answer: D
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Underlying economic theory is the idea that
A) people respond only to negative incentives, not to positive ones. B) choices are affected by both positive and negative incentives. C) value judgments do not play a role in the economic decisions people make. D) money is the only incentive that matters.
What is the rationale for the slope of an indifference curve in a two-product (A and B) case?
Please provide the best answer for the statement.
As the unemployment rate falls,
A) the proportion of the unemployed finding a job increases. B) the separation rate increases. C) the young and unskilled experience larger-than-average decreases in unemployment. D) both A and C. E) all of the above
A federal budget deficit is financed by the
A. private sector's investment spending. B. government purchase of Treasury securities. C. government issuance or sale of Treasury securities. D. nation's exports.