During business contractions, the growth rate of Solow residuals is ________
A) near or below zero
B) well above zero
C) approaching infinity
D) impossible to calculate
A
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The lesson of __________ is to forget about the money that's irretrievably gone and instead to focus on the marginal costs and benefits of future options.
A. marginal utility B. sunk costs C. marginal analysis D. budget constraints
The existence of marginal external benefits for a product like higher education creates a deadweight loss for society because, without government intervention, ________ would be consumed and ________ would be produced
A) more than the efficient amount; more than the efficient amount B) more than the efficient amount; less than the efficient amount C) less than the efficient amount; more than the efficient amount D) less than the efficient amount; less than the efficient amount E) the efficient amount; the efficient amount
"A Nash equilibrium occurs when both parties to a game end up worse off as a result of the decisions that are made." Is the previous definition of a Nash equilibrium correct or incorrect?
What will be an ideal response?
A recent epidemic of mad cow disease caused the government to mandate that thousands of cows be completely destroyed. This will likely cause:
A. the demand for leather shoes to increase. B. the supply of leather shoes to decrease. C. the demand and the supply of leather shoes to increase. D. It will not affect the market for leather shoes.