The economic functions of government include
A) determining prices.
B) setting wages in the public sector.
C) protecting property rights.
D) welfare.
C
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To determine the marginal social cost (MSC) of abatement, we find the sum of
a. MPC + MAC b. ?MAC + MCE c. MAC + ?MCE d. MAC + ?MEC
What are the costs associated with inflation?
What will be an ideal response?
The association-causation fallacy is the error of assuming that what is true for one member of a group must be true for the group
a. True b. False
Many developing countries face a balance of payments constraint because:
A. they fail to implement exchange rate policy correctly. B. they hold too few international reserves. C. they hold too many international reserves. D. the IMF forces them to adopt policies that are counterproductive.