Lazy Lucy's parents decided that they would only pay her tuition if she passes all her classes. They would stop paying her tuition if she procrastinates and fails her courses. Lucy's parent's decision is a solution to a ________problem
a. Adverse selection
b. Moral hazard
c. Forced bankruptcy
d. None of the above
b
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Critics of the Keynesian view of closing a recessionary gap argue that
a. Keynesians fail to appreciate the self-correcting nature of the economy b. government spending is virtually cost-free because resources are unemployed c. deficit financing places no burden on the economy d. public works programs never continue beyond their usefulness e. deficits are always needed to stimulate the economy
How are net exports calculated?
What will be an ideal response?
Katie has decided that she would enjoy eating another cupcake. Which of the following statements is consistent with Katie's decision?
A. Katie's marginal utility has decreased but it is unclear what has happened to total utility. B. Katie's total utility has increased but it is unclear what has happened to her marginal utility. C. Katie's marginal utility has decreased with a corresponding decrease in total utility. D. Katie's marginal and total utility remain unchanged.
The ________ is(are) empowered to impose a number of ________ if it(they) find(s) that antitrust law has been violated.
A. courts; remedies B. Antitrust Division of the Justice Department; fines C. Federal Trade Commission; remedies D. Interstate Commerce Commission; fines