Which of the following is not a policy proposal of the neoclassical counter-revolution school?

a. promoting free trade
b. privatizing state-owned enterprises
c. welcoming multinational corporations
d. promoting trade unions


D

Economics

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Lori clips coupons out of the Sunday newspaper. Jon does not. Lori's opportunity cost of time is higher than Jon's

Indicate whether the statement is true or false

Economics

In 1961, President John F. Kennedy, acting upon advice from his economists, proposed tax cuts. The advice he received

a. was opposed to the teaching of Keynes, who had taught that tax cuts were counterproductive. b. was opposed to the teaching of Keynes, who had taught that all attempts to stabilize the economy were futile. c. came from economists who had studied Keynes's ideas when those ideas were only a few years old. d. came from economists who were unaware of Keynes's ideas because those ideas had not yet been widely disseminated at that time.

Economics

Gamma has $30,000 of capital per worker, while Omega has $7,500 of capital per worker. In all other respects, the two countries are the same. According to the principle of diminishing returns to capital, an additional unit of capital will ________ in Omega compared to Gamma, holding other factors constant.

A. increase output less B. increase output by the same amount C. increase output more D. have no effect on output

Economics

Refer to the information provided in Figure 7.8 below to answer the question(s) that follow.  Figure 7.8Refer to Figure 7.8. The slope of isocost CD is

A. -1. B. -2/3. C. 0. D. indeterminate from this information, as the prices of capital and labor are not given.

Economics