Adam Smith argued that government's role in society would be to do absolutely nothing. True or False.
False
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You have just noticed that the dollar appreciated and you suspect that U.S. policymakers were behind this change. Which would you choose as the most likely cause of this appreciation in the real exchange rate?
A) An increase in the money supply B) A decrease in the money supply C) A temporary increase in government purchases D) A temporary decrease in taxes
An individual who pays for personal auto repair has incurred a
A) social cost. B) private cost. C) negative externality. D) positive externality.
Consider a society facing the production possibilities curves in the figure shown. What is the most likely cause of a society moving from PPF1 to PPF2?
A. More workers
B. Better printing press technology
C. A desire to read more books
D. Better sewing technology
"Unemployment will decrease because the economy is on an upward swing" is an example of a positive statement
Indicate whether the statement is true or false