An interest in being reelected encourages politicians to support policies that
What will be an ideal response?
confer short-run benefits with deferred costs.
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All of the following are included in M1 EXCEPT
A) coin and currency. B) money market mutual fund shares. C) traveler's checks. D) checking account balances.
Net taxes are: a. taxes plus transfer payments
b. taxes minus transfer payments. c. an injection into the economic system. d. consumption after taxes. e. government spending minus taxes.
Which of the following does not illustrate the use of heuristics?
A. Baseball players locking their eyes on the ball in order to have a good chance of catching it B. Scientists using the laws of physics and mathematics to predict where billiard balls will roll C. Companies spending a lot on advertising in order to make their brands better-known D. Staying upright on a bicycle by steering in the direction of a fall when one begins to happen
Describe in general terms four or five characteristics of less-developed countries