Monetarists believe the private economy is inherently:
A. unstable and the public sector should be small.
B. unstable and the public sector should be large.
C. stable but that the public sector should be large.
D. stable and that the government sector should be small.
D. stable and that the government sector should be small.
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Compared to the developing economies, the advanced economies have ________ human capital and ________ physical capital
A) more; more B) more; less C) the same; the same D) less; more E) less; less
Which of the following leads to an underallocation of resources to a specific economic activity?
A) external costs B) external benefits C) marginal costs D) effluent benefits
Which of the following correctly describes the effects of a decrease in net taxes?
a. Disposable income increases, consumption decreases, and saving decreases. b. Disposable income increases, consumption increases, and saving increases. c. Disposable income decreases, consumption increases, and saving increases. d. Disposable income decreases, consumption decreases, and saving decreases. e. There is no effect on either disposable income, consumption, or saving.
Firms may choose to discriminate in order to reduce information costs associated with screening applicants
a. True b. False Indicate whether the statement is true or false