Combining the idea of freedom from constraint with well-intentioned guidance leads to:
A. purposeful behavior.
B. incentive compatibility problems.
C. market failure.
D. libertarian paternalism.
Answer: D
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The biggest wave of bank failures in the U.S. occurred:
A) during the Great Depression. B) before the Great Depression. C) during 2007 to 2009. D) in the early 1990s.
The major goal of the Pesticide Environmental Stewardship Program (PESP) is
a. to control pesticide use b. to determine which pesticides must be banned c. to achieve pollution prevention by reducing the use of pesticides d. to accelerate the pesticide registration and reregistration processes
Which set of changes will definitely shift the aggregate demand (AD) curve to the right?
A) Business taxes decline and foreign real national income rises. B) Businesses become pessimistic about future sales and the U.S. dollar depreciates. C) Wealth increases and individuals expect higher (future) incomes. D) a and b E) a and c
Which of the expressions below best describes the aim of economic theory?
A. to learn what we can do to prevent people from having unrealistic wants B. to understand why money motivates some people more than others C. to predict the choices people will make D. to predict how people think about money