Unlike the market process, in the political market it is possible for some individuals to receive very large benefits from the political process without any significant impact on their tax bills
Indicate whether the statement is true or false
TRUE
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Employment discrimination leads to the _________________ of labor.
Fill in the blank(s) with the appropriate word(s).
The price elasticity of demand is typically expressed as a positive number because:
A. price and quantity move in the same direction. B. the demand curve has a positive slope. C. both the numerator and the denominator are negative, so the formula yields a positive number. D. it's convenient to use absolute values.
Ceteris paribus, which of the following will most likely cause an inward shift of the production possibilities curve?
A.) A decrease in the size of the labor force. B.) An increase in population. C.) An increase in knowledge. D.) An improvement in technology.
According to Keynesian theory
A. changes in the equilibrium interest rate will not always equate saving and investment. B. prices and wages are flexible downward. C. say's law is valid. D. savers and investors have identical motives.