The _____ tend to have a smaller public sector relative to the total economy
a. socialist economies
b. centrally planned economies
c. autocratic economies
d. market economies
e. mercantilist economies
d
You might also like to view...
For a natural monopoly, long-run average costs
A) fall as output increases. B) rise as output increases. C) fall as output falls. D) rise as output falls.
Which one of the following items would be the most liquid?
a. Pizza. b. Ticket to next week's basketball game. c. Stereo. d. Dollar bill. e. U.S. savings bond.
In order to have a principal agent problem, there must be
a. A market economy b. A dictator and a subordinate c. Asymmetric information d. a situation in which the principal and agent have the same objective e. Both c and d are correct
Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.
Figure 29.1Refer to Figure 29.1. If the economy is actually at Point C but policy makers think that it is still at Point B, this is an example of
A. response lag. B. economic policies ineffectiveness. C. implementation lag. D. recognition lag.