A totally pollution free environment should not be a primary social goal
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is inconsistent with the model of perfect competition?
a. ease of entry into an industry b. ease of exit from an industry c. many buyers and sellers in the industry d. advertising of product differences in the industry e. a horizontal demand curve facing each firm in the industry
When the economy goes into a downturn what automatic stabilizer limits the downturn?
a. decreased tax revenue b. increased military spending c. increased unemployment benefits d. decreased inflation rate
Both tariffs and quotas lead to a decrease in imports, a decrease in domestic consumption, and an increase in domestic production
Indicate whether the statement is true or false
Which diagram in Figure 15.1 best represents the Keynesian view of investment demand when monetary policy is effective?
A. a. B. b. C. c. D. d.