If relevant information can be obtained at no cost, people are ________ when they fail to use all available information given that there are usually ________ to making a wrong forecast.
A. not behaving rationally; costs
B. behaving rationally; costs
C. not behaving rationally; no costs
D. behaving rationally; no costs
Answer: A
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The Foreign Corrupt Practice Act (FCPA) ________ facilitating payments that are ________ payments to government officials to expedite their work.
A) allows; small B) does not allow; small C) prohibits; small D) allows; large
A pollution tax is:
a. a positive externality used to offset a negative one b. a price per unit of discharge of pollution c. a tax on pollution control equipment d. itself a form of negative externality
The classical model is one of the best that economists have for capturing the rapidly changing nature of the supply and demand for labor and ultimately for explaining recessions
a. True b. False
The typical public assistance grant in the United States
A. leaves the family well below the poverty line. B. leaves the family just below the poverty line. C. puts the family just above the poverty line. D. puts the family well above the poverty line.