If real GDP is increasing more rapidly than population,
a. population must be declining.
b. the country will have to export more than it imports.
c. the general level of prices must be increasing.
d. per capita real GDP will be increasing.
D
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Congress and the President passed a national health care policy. This is an example of
A) increasing the marginal cost of health care. B) the government using economic tools to make policy decisions. C) increasing the marginal benefit of health care. D) normative versus positive economics. E) answering the "how" question.
In a simultaneous game where both players prefer doing the opposite of what the opponent does, a Nash equilibrium does not exist
Indicate whether the statement is true or false
A study that compares the costs and benefits to society of providing a public good is called externality analysis
a. True b. False Indicate whether the statement is true or false
The fundamental characteristics influencing the value of a financial instrument include each of the following except:
A. where the instrument is traded. B. the size of the payment promised. C. the likelihood of payment. D. when the promised payment will be made.