One drawback to industrial policy is that
a. technology spillovers are too expensive to control.
b. measuring the size of spillovers from different markets is difficult.
c. spillovers often occur in industries that produce undesirable products for society.
d. positive side effects are often outweighed by negative side effects.
b
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If fewer families purchase health insurance because of rising health insurance premiums, then health insurance premiums are likely to rise further due to:
A. commitment problems. B. moral hazard. C. adverse selection. D. first-dollar coverage.
In this graph, how does DLR compare to DSR?
a. It applies to one firm, not many firms.
b. It is relatively more inelastic.
c. It indicates a reduced demand.
d. It is relatively more elastic.
Being penalized via taxes for making more money in dollars even though your purchasing power hasn't changed at all is called:
A. shoe-leather costs. B. menu costs. C. the velocity of inflation. D. tax distortion.
Briefly discuss the determinants of demand other than price
What will be an ideal response?