Moral hazard occurs when an agreement encourages undesirable behavior
Indicate whether the statement is true or false
TRUE
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High barriers to entry are generally found in: a. monopolistically competitive markets. b. oligopolistic markets
c. monopolistic markets. d. both (b) and (c).
What is the? short-run effect of increased deficit spending on an economy experiencing a recessionary? gap?
a. Aggregate demand will increase, creating an inflationary gap. b. Aggregate demand decreases, and the gap widens. c. Aggregate demand increases and the gap closes. d. None of the above
U.S. Gross National Product includes goods produced by:
A. foreign firms on foreign soil. B. foreign firms on U.S. soil. C. U.S. firms on foreign soil. D. None of these statements is true.
The amount of government spending on education per public school student has ________ since 1960, and the achievement level of students has generally ________ since that time
A) increased; increased B) decreased; decreased C) increased; decreased D) decreased; increased