Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Figure 16.2Refer to Figure 16.2. The efficient amount of cars is
A. 25.
B. 35.
C. zero because any production results in an external cost.
D. indeterminate from the information given.
Answer: A
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Refer to Figure 13.2. If Oliver's political views place him at the L4 position and George's political views place him at the C4 position,
Oliver will definitely receive at least ________ votes and George will definitely receive at least ________ votes. A) 4; 4 B) 4; 5 C) 5; 4 D) 5; 5
A sufficient measure of the effectiveness of government redistribution is to look at the overall level of taxpayer dollars spent on redistributive activities
a. True b. False
The way the government keeps price floors in effect is by _____.
Fill in the blank(s) with the appropriate word(s).
According to the paradox of thrift, if households intend to save more, they will:
a) ultimately spend more. b) cause an increase in jobs because investment will increase. c) ultimately cause job losses. d) cause the GDP to increase because inflation will decrease.