Which of the following is a positive incentive?
A. deciding not to play golf due to rain
B. making a donation to the Red Cross
C. hiring 10 new workers as you decide to expand your operations
D. offering a reward to anyone who finds your missing pet
D. offering a reward to anyone who finds your missing pet
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The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
A complete understanding of tax policy requires knowledge of the principles of equity and efficiency in taxation, as well as awareness of _____
a. business b. sociology c. ethics d. politics
If the payoff to the United States to pursuing nuclear weapons is 100 if the USSR does not pursue nuclear weapons and 50 if they do, and the payoff to the USSR to pursuing nuclear weapons is 80 if the USA doesn't pursue nuclear weapons and 30 if they
do, what is the non-cooperative equilibrium? A) The USA pursues nuclear weapons, the USSR does not. B) The USA pursues nuclear weapons, the USSR pursues nuclear weapons. C) The USA does not pursue nuclear weapons, the USSR does not pursue nuclear weapons. D) The USA does not pursue nuclear weapons, the USSR does pursue nuclear weapons.
If a non-binding price floor were to be set in the market in the graph shown, it could be set at:
A. $30.
B. $23.
C. $16.
D. All of these would be binding price floors for this market.