A public choice theorist believes that
A) men and women in the market sector are fundamentally different people than men and women in the public sector.
B) government is likely to be composed of better people than the market sector.
C) high fixed costs in government influence the behavior of government workers.
D) government workers are generally lazy.
E) none of the above
E
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When price falls, demand rises.
Answer the following statement true (T) or false (F)
The securities, such as stocks or bonds, constitute a(n) ________ for the savers and a(m) ________ for the borrowers
A) asset; liability B) debt; assets C) liability; asset D) debt or an asset; liability or an asset
When the nominal interest rate is not constant, an increase in the growth rate of the money supply ________ the inflation rate, and ________ the debt-to-GDP ratio
A) increases; increases B) increases; decreases C) increases; has an ambiguous effect on D) decreases; increases
If a firm experiences decreases in the per-unit costs of production as its network increases, then this firm is experiencing
A) economies of scope. B) economies of scale. C) network externalities. D) differentiation.