Economists began to lose confidence in the Phillips curve during the
1970's
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Refer to Scenario 9.1. If Sheb places ________ sheep on the commons, Monty is better off placing ________ on the commons
A) 4; 4 B) 5; 5 C) 5; 4 D) Both A and C are correct.
Vote trading in legislatures can lead to efficient outcomes that might otherwise not have been reached.
Answer the following statement true (T) or false (F)
"The current account records foreign investment in a nation minus investment abroad." Is the previous statement correct or incorrect?
What will be an ideal response?
What's the opportunity cost of taking an unfair advantage in a deal?
A. Future deals may not occur or may come at a much higher cost. B. Building a reputation for being untrustworthy if the deal is likely to be repeated. C. Probably nothing, if the transaction is only taking place once. D. All of these statements are true.