Economist ________ shows the "limits of arbitrage."
A) Doug Diamond
B) Andrei Shleifer
C) Philip Dybvig
D) Richard Thaler
B
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The statement "An increase in the price of gasoline will lead to a decrease in the amount purchased" is
A) a political statement. B) a positive statement. C) a normative statement. D) a scientific statement.
The regulatory agency with oversight responsibility for the pharmaceutical industry is(are) the:
a. Health Care Financing Administration. b. the National Institutes for Health. c. the Federal Emergency Medical Administration. d. the Centers for Disease Control. e. the Food and Drug Administration
Which of the following is most likely to increase long-run aggregate supply in an economy?
What will be an ideal response?
The "life cycle" and "permanent income" theories of consumption share which of the following features?
A) Consumption spending depends on income, rather than wealth. B) Consumption spending should fluctuate widely from year to year. C) Consumers look ahead to the future in making current spending decisions. D) all of the above E) none of the above