The research of economists Stevenson and Wolfers tends to support the Easterlin paradox
Indicate whether the statement is true or false
False
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According to the capture hypothesis of regulation
A. regulation benefits the consumers over producers because the number of consumers is greater than the number of producers, giving the consumers more political clout. B. regulation eventually favors producers over consumers because the producers have more at stake than individual consumers. C. regulation favors producers over consumers because the producers were able to pay off the regulators. D. regulation benefits the regulators and the legislators who support the regulation by enabling them to obtain favors from both producers and consumers.
Which of the following are determinants of differences in income?
A. marginal productivity B. discrimination C. age D. all of these
You own shares in a well-managed and diversified company. If a booming economy decreases investors' concerns about market risk, then the price of your shares will ________, holding other factors constant.
A. decrease. B. not change. C. increase. D. either increase or decrease.
The first factories in the US were developed within the __________ industry
a. iron smelting b. grain milling c. boot and shoe d. cotton textile