Which of the following does NOT explain why there are so many disagreements among economists?
A. In some cases, the controversy is aggravated by political agendas.
B. In some cases, individuals may stand to gain from policy changes.
C. In some cases, economists have simply not investigated the issue at hand.
D. In some cases, there aren't enough data to answer the question.
Answer: C
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Consider a closed economy without the government. If the savings rate in the economy is 15% and the aggregate savings is $6,000, the GDP of the economy is:
A) $15,000. B) $27,000. C) $40,000. D) $30,000.
Which of the following are components of fiscal policy?
a. Transfer payments only b. Money supply and government purchases c. Government purchases only d. Government purchases, transfer payments, and taxes e. Taxes and money supply
Determine the value of a product charge that would achieve the efficient solution.
The market for a chemical pesticide can be modeled as given below, where Q is measured in thousands of pounds: MSB = 20 – 0.4Q MPB = 20 – 0.3Q MSC = MPC = 12 + 0.1Q
The U.S. government protects fish, a common resource, by
a. subsidizing the fishing industry. b. heavily taxing competing industries. c. selling fishing licenses and regulating fish lengths. d. None of the above is correct.