Generally speaking, by 1860 which of the following groups could not vote in the U.S.?
a. white male citizens
b. black males in New York and New England
c. alien males in the agricultural Northwest
d. white women in the North
d. white women in the North
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The requirement that a minimum volume of ethanol is blended into the U.S. fuel supply is an example of a. a corrective tax
b. a corrective subsidy. c. a command-and-control policy. d. the Coase Theorem.
One of the challenges for development economists working in health care is to figure out a way to:
A. increase the frequency of preventative medicine, such as immunizing children. B. force doctors to practice good medicine. C. have the government get more involved in production of necessary healthcare item. D. mandate through government policy that families must make better health care choices.
Economic inefficiency exists when
A) P = MR. B) P = MC. C) MR = MC. D) P > MC.
Which of the following is a desirable characteristic in an economy?
A. growing per-capita output B. population growing the same rate as output C. population growing faster than output D. rapid increase in the general price level