________ is a situation in which a good or service is produced at the lowest possible cost
A) Equity B) Allocative efficiency
C) Productive efficiency D) Optimal marginalism
C
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The Monetarists advocate the monetary rule in order to stabilize the business cycle which states that the money supply should be increased by a constant rate year after year
a. True b. False Indicate whether the statement is true or false
A good for which it is impossible or at least very costly to exclude nonpaying customers from receiving the good and for which many individuals can share in the consumption of the same unit of the good is called a
a. public good. b. joint good. c. excludable good. d. national good.
There are some economists who argue that low mortgage interest rates in the time period preceeding the financial crisis of 2007-2009 were a result of a ___________ in global savings. They argue that emerging countries began to save ___________ which helped to _____________ the supply of loanable funds in the United States
A) glut; less; decrease B) glut; more; increase C) decline; more; increase D) decline; less; decrease
Which piece of legislation allowed states to pass right-to-work laws?
A. Taft-Hartley Act B. Landrum-Griffin Act C. National Industrial Recovery Act D. Wagner Act