Free markets allocate (a) the supply of goods to the buyers who value them most highly and (b) the demand for goods to the sellers who can produce them at least cost
a. True
b. False
Indicate whether the statement is true or false
True
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Something that affects the amount of money in existence will
A) affect all markets. B) have no particular effect. C) have an effect only if the change in money is large. D) not affect the economy as a whole but may affect certain key markets such as the market for loans.
Why would a firm continue to pollute even when it is fined (taxed) for doing so?
What will be an ideal response?
What options have been suggested for shoring up the finances of Social Security and Medicare? Why are they unpleasant ones to consider?
What will be an ideal response?
When workers save less during their working lives due to the fact that they have been paying Social Security taxes, this is known as
A. the Social Security effect. B. the wealth substitution effect. C. the bequest effect. D. the life cycle hypothesis.