Rent seeking
A) is unlikely the more heavily engaged government planners are with the economy.
B) is more likely where institutions are strong.
C) is not likely to lead to waste and efficiency.
D) is more likely when government policy creates something of value that government officials are charged with distributing.
D
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The table above lists six points on the production possibilities frontier for grain and cars. Given this information, which of the following combinations is unattainable?
A) 6 tons of grain and 18 cars B) 4 tons of grain and 26 cars C) 2 tons of grain and 27 cars D) 7 tons of grain and 10 cars
An increase in the value of the U.S. dollar will tend to cause, other things the same ________
A) an increase in the volume of U.S. imports B) an increase in the volume of U.S. exports C) an increase in the volume of U.S exports and imports D) a decrease in the volume o U.S. exports and imports
If tastes for a good decreased and the price of a substitute good increased at the same time, as a result: a. prices would rise
b. prices would fall. c. larger quantities to be exchanged. d. we would not know which direction either prices or quantities exchanged would be altered without more information.
Which of the following factors would decrease investment demand?
A. A decrease in business taxes
B. An increase in the cost of acquiring capital goods
C. An increase in the rate of technological change
D. A decrease in the stock of capital goods on hand