Public choice deals with
A) negative and positive externalities.
B) public-sector decision making.
C) how people choose between several mutually exclusive options.
D) bond, stock, and money markets.
E) none of the above
B
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According to the aggregate expenditure model, when faced with unwanted inventory, firms
A) do nothing and wait for equilibrium to be restored. B) are forced to go out of business. C) immediately cut prices. D) decrease production. E) increase production.
If the United States exports military hardware, what is the effect in the exchange market? a. It will increase the supply of U.S. dollars
b. It will decrease the supply of U.S. dollars. c. It will increase the demand for U.S. dollars. d. It will decrease the demand for U.S. dollars.
Economists generally consider the use of taxes as the most efficient way of solving pollution problems
a. True b. False Indicate whether the statement is true or false
Some adults who were not working are included in the Bureau of Labor Statistics' "employed" category
a. True b. False Indicate whether the statement is true or false