With a unanimity decision-making rule, external costs are _____
a. zero
b. indeterminate
c. high
d. minimized
a
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As a result of slow economic growth following the recession of 2007-2009, companies including Intel and Worthington Industries cut production and employment in 2015 as a result of the sluggish growth in the total amount of spending in the economy. The total amount of spending in the economy is known as
A) planned investment spending. B) aggregate expenditure. C) deficit spending. D) equilibrium spending.
Over a decade or longer, a government budget deficit
A) reduces national saving and stimulates economic growth. B) reduces national saving and economic growth. C) increases national saving and economic growth. D) increases national saving and decreases economic growth.
Which of the following is not a valid argument against labor market deregulation?
a) deregulation produces income inequality b) deregulation reduces wages c) deregulation leads to crime d) active labor market spending may be equally or more effective at reducing unemployment than deregulation e) deregulation restricts employer choices
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point E necessarily represents
A. only motorcycles being produced. B. overallocation of resources. C. an impossible production point. D. technological advancement.