Which of the following factors weakens the case for private-sector provision of goods and services relative to public-sector provision?
a. constitutional rules
b. the shortsightedness effect
c. the special-interest effect
d. public goods
D
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The housing shock which occurred during the recession of 2007-2009 reduced wealth and residential construction, causing the
A) IS curve to shift to the right. B) IS curve to shift to the left. C) MP curve to shift up. D) MP curve to shift down.
In business organizations, the specialization of workers and their assignments to different tasks is called:
a. division of labor. b. capital efficiency. c. product differentiation. d. labor productivity.
The intercept of the Security Market Line at any point in time is determined primarily by:
A. the prime interest rate. B. Federal Reserve monetary policy. C. the average beta of the market. D. investor tolerance of risk.
Suppose a policy change will generate $180,000 of benefits for low-income families and $150,000 of costs for high-income and middle-class families. This change can best be described as
A. Pareto efficient. B. equitable. C. inefficient. D. potentially efficient.