Monetarists believe that to promote long-term economic growth, national governments should:
a. Increase government spending and reduce taxes.
b. Reduce government spending and increase taxes.
c. Promote research and development with federal funds.
d. Impose tariffs and quotas until the nation is on its feet.
e. Create stable and predictable political environments and encourage competitive markets.
.E
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In the above figure, what is the marginal cost of the 8th pizza?
A) $1.50 B) $12 C) $6 D) $96 E) 8 pizzas
Market failure is the situation in which a market delivers an inefficient outcome
Indicate whether the statement is true or false
Refer to the table below. If the senior manager learns that either a Good or Poor market will exist when the drug is introduced to the market, which drug should the senior manager not pursue?
The senior manager of Rx Pharmaceuticals needs to decide which of three drugs the company should consider developing. The estimated profit for each of the drugs differs depending on the market conditions when the respective drugs are introduced to the market. The above table summarizes the estimated profit for each drug under each of the three market conditions; Good, Fair, and Poor.
A) Drug Y
B) Drug X
C) Drug Z
D) all of the drugs
Recognition lag is the time it takes for policymakers to recognize the existence of an economic expansion or a recession
a. True b. False Indicate whether the statement is true or false