Self-interest could never include benevolence
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The real business cycle model begins with the assumption that ________
A) wages and prices are sticky B) wages and prices are completely flexible C) the velocity of money is a constant D) nominal variables are superior to real variables in describing economic activity
When using the traditional command-and-control approach to environmental regulation, the government attempts to
a. set a minimum requirement and then allows the firm to determine the most efficient method for achieving this requirement b. determine the most efficient method for different industries c. make allowances for differences across industries and between firms d. set engineering standards that are applicable to all situations and does not recognize unique circumstances e. set a maximum requirement and they allows the individual firm the latitude of choosing the most efficient method
Timber producers destroy many acres of rainforests every year. To prevent deforestation, the government imposed a quota on the number of trees that were cut by the timber producers. The quota was imposed by the government to prevent _____
a. the free rider problem b. the tragedy of the commons c. asymmetric information d. deadweight loss
Which statement is true?
A. Welfare payments are set by the federal government and are the same for all states. B. Only the industrial states of the northeast, Midwest, and the far west have welfare programs. C. Most people receiving welfare benefits are black. D. Each state sets its own welfare payments.