The New Deal reduced
(a) government involvement in private affairs.
(b) individual liberty.
(c) taxes.
(d) rent-seeking.
(b)
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Market-based regulations tend to work best with pollutants that
a. Are non-uniformly mixed and local in effect b. Have threshold effects c. Are uniformly mixed and regional in effect d. Cause non-point source pollution e. Have non-linear and local effects
Thomas decides to study late into the night. However, as a result, he doesn’t get enough sleep and is tired the next day. This example shows the scarcity of ______.
a. discipline b. relaxation c. time d. ambition
Going from left to right on the aggregate demand curve, real GDP _____.
(A) Falls as price level falls (B) Rises as price level rises (C) Rises as price level falls (D) Falls as price level rises
When a firm does more of something, it gets better at it. This learning-by-doing is:
A. a source of diseconomies of scale. B. a source of economies of scale. C. called the principle of natural progression. D. called "spreading the overhead."