Cost-benefit analysis cannot be applied to collective or public choice decision-making
a. True
b. False
Indicate whether the statement is true or false
False
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A Keynesian model that is consistent with fully flexible wages and prices is based upon the notion of
A) cooperation failures. B) coordination failures. C) collaboration failures. D) decreasing returns to scale.
The U.S. economy experienced a significant slowdown in productivity growth that lasted from about 1973 to about __________
Fill in the blank(s) with correct word
Describe who benefits and who loses from tariffs and from quotas. What is the major difference between the effects of a quota and the effects of a tariff?
The natural rate of unemployment is equal to the unemployment rate when there is only:
A. structural and cyclical unemployment. B. structural and frictional unemployment. C. frictional unemployment. D. cyclical unemployment.