Which economist said, "This focus on distribution makes the significance of distributional issues (transfer issues) in political life relatively greater and the significance of widespread common interest in political life relatively smaller."?
A. John Maynard Keynes
B. Milton Friedman
C. David Friedman
D. Mancur Olson
E. David Ricardo
Answer: D
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A rent ceiling controls the rent portion of the cost of housing but not the search cost. So when the search cost is ________ the rent, some people end up paying a ________ opportunity cost for housing than they would if there were no rent ceiling
A) added to; lower B) subtracted from; higher C) subtracted from; lower D) added to; higher E) equal to; lower
Describe the effects of the reunification of eastern and western Germany in 1990 on both Germany and its neighboring European countries using the AA-DD framework
What will be an ideal response?
Area income increases by 20 percent
a. Quantity demanded at Urban General does not change. b. Quantity demanded at Urban General falls by 10.0 percent. c. Quantity demanded at Urban General rises by 10.0 percent. d. Quantity demanded at St.Elsewhere rises by 7.0 percent. e. There is not enough information to tell what happens to quantity demanded at either hospital.
If Congress decreases government spending, it is using
A. supply-side policy. B. incomes policy. C. monetary policy. D. fiscal policy.