The vicious circle of poverty is the trap in which the LDC is too poor to save and therefore it cannot invest and remains poor
a. True
b. False
Indicate whether the statement is true or false
True
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To decrease anxiety in its most accomplished teachers, a school decides to offer them tenure, to help them concentrate on teaching better. Instead it notices that even the best of the teachers started to get sloppy with their work. The school did not foresee
a. Adverse selection b. Moral hazard c. All of the above d. None of the above
The time needed for changes in monetary of fiscal policy to affect the economy is called the ________ ________
a. Recognition Lag b. Decision-Making Lag c. Implementation Lag d. Effectiveness Lag
A shortage or a surplus can exist when the current price is equal to the equilibrium price
a. true b. false
Traffic lights would be considered:
A. a common resource. B. a private good. C. a public good. D. an artificially scarce good.