Since the 1950s
A) the United States has not experienced a business cycle.
B) U.S. business cycle fluctuations have becomes more volatile.
C) U.S. business cycle fluctuations have become milder.
D) U.S. business cycle fluctuations have not changed.
Answer: C
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Congressman Murphy made the following proposal: "We should establish policies that completely eliminate air pollution. This is the only way to ensure that none of our citizens suffer the negative effects of air pollution"
If Congressman Murphy's proposal was adopted and all forms of air pollution were eliminated, which of the following would be true? A) The total cost of pollution reductions would equal the total benefit to society. B) The marginal cost from pollution reductions would exceed the marginal benefit. C) The total benefit to society from reductions in air pollution would be maximized. D) Economic efficiency would be maximized
The Standard and Poor's 500 Index measures prices of the 500:
A. most purchased consumer goods in the United States. B. stocks of the largest companies in the United States. C. largest bonds trading in the United States. D. largest index funds trading in the United States.
Mechanism design is used to
A. give individuals the incentive to reveal the truth about themselves. B. correct inefficiencies associated with asymmetric information. C. align the interests of two parties in a transaction. D. All of the above are correct.
Why does the unemployment rate go down as more people become discouraged about the economy?
What will be an ideal response?