A true signal must
A) convey information only.
B) convey information and direct the resource owners to act appropriately.
C) convey information about the long-run future.
D) explain in detail why something should be done.
B
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Refer to the table below. What is the expected price of the input in Country B?
The above table provides the probability distribution of price of an input next year in Country A and Country B.
A) $1 B) $999 C) $501 D) $500
Big-push development strategies rely primarily on _________ for their financing
a. government b. domestic private investment c. foreign private investment d. foreign aid e. ex-colonial centers
The crowding-out effect is likely to be the strongest during periods of
a. recession. b. large budget surpluses. c. high employment. d. expanding money supply.
A nearly vertical aggregate supply curve occurs
A. when the economy is producing close to the maximum output level. B. whenever an economy is in a recession. C. in an economy with considerable cyclical unemployment. D. in an economy with much idle capacity.