Economists believe that individuals:
A. have varying tastes for taking on financial risks, but are risk-averse in general.
B. have the same tastes for taking on financial risks, and are risk-averse in general.
C. have varying tastes for taking on financial risks, but are risk-seekers in general.
D. have the same tastes for taking on financial risks, and are risk-seekers in general.
A. have varying tastes for taking on financial risks, but are risk-averse in general.
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A government grant that gives an inventor the exclusive right or privilege to make, use, or sell his or her invention is known as
A) a negative externality. B) a patent. C) a protectionism clause. D) a positive externality.
In the mid 1980s, the massive current account deficits were related to massive U.S. government budget deficits
Indicate whether the statement is true or false
A frim wishing to acquire a monopoly position would be willing to spend an amount up to its anticipated monopoly profit in rent-seeking activities
a. True b. False
For this question, assume that there is a simultaneous tax increase and monetary expansion. In a flexible exchange rate regime, we know with certainty that
A) the exchange rate and output would both increase. B) the exchange rate would increase and output would decrease. C) the exchange rate would decrease. D) the exchange rate would decrease and output would increase. E) none of the above