The nation closest to a centrally planned, socialist economy is
A. China.
B. Japan.
C. the United States.
D. Norway.
D. Norway.
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"The difference between positive and normative statements is that a positive statement is always true while a normative statement might or might not be true." True or false? Explain
Indicate whether the statement is true or false
What is protectionism in the domestic economy?
a. forcing foreign consumers to subsidize domestic producers b. forcing producers to subsidize consumers c. forcing consumers to subsidize producers d. forcing foreign consumers to subsidize foreign producers
Standardized tests do not receive universal acceptance as being helpful in making schools more accountable. Discuss why.
What will be an ideal response?
Moral hazard describes a scenario in which:
A. people behave in a riskier fashion because they don't understand the consequences of their actions. B. behaving morally produces a negative consequence. C. people behave more risky or renege on agreements when they do not face the full consequences of their actions D. when people behave morally they put themselves in a hazardous situation.