Unbundling mail services raises efficiency
Indicate whether the statement is true or false
T Others carry out postal functions only if they can perform them at lower cost than the U.S. Postal Service.
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If an indifference curve intersects the budget constraint at two points, then ________
A) the consumer would be equally happy at either of those two points B) optimal consumption is found by moving to a lower indifference curve C) optimal consumption is found by moving to a lower budget constraint D) the consumer will choose the point that minimizes consumption expenditure
In their study of the effect of legalized abortion on crime rates, Steven Levitt and John Donohue applied
A. positive economic analysis. B. normative economic analysis. C. the principle of individual sovereignty. D. value judgments.
Which of the following policies would a Keynesian expect to produce the largest decrease in income?
a. a reduction in government spending of $100 billion b. a decrease in transfer payments of $100 billion c. an increase in government spending of $100 billion d. a tax increase of $100 billion
The aggregate supply curve is upward sloping in
a. the short and long run. b. neither the short nor long run. c. the long run, but not the short run. d. the short run, but not the long run.