When oil and energy prices rise, the economy tends to experience ________.
A. cost-push inflation
B. natural inflation
C. demand-pull inflation
D. unexpected inflation
Answer: A
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Answer the following statement(s) true (T) or false (F)
1. In the absence of transactions costs, changes in property rights have no effect on economic efficiency. 2. In the absence of transactions costs, changes in property rights have no effect on the distribution of income. 3. Changes in property rights will not affect the allocation of resources as long as transactions costs are zero and the subsequent effects on market demand are negligible. 4. The weak Coase theorem is true when reallocation of property rights have negligible income effects . 5. According to the Coase Theorem, in the absence of transactions costs, recipients of an external benefit can be expected to offer a bribe in exchange for greater production.
What determines the success of a cartel?
What will be an ideal response?
An increase in the population of an economy can shift the demand curves for certain goods and services to the right
a. True b. False Indicate whether the statement is true or false
An example of contractionary fiscal policy is
A) an increase in government expenditures, or an increase in taxes, or both. B) a decrease in government expenditures, or a decrease in taxes, or both. C) an increase in government expenditures, or a decrease in taxes, or both. D) a decrease in government expenditures, or an increase in taxes, or both. E) increasing government expenditures while holding taxes constant.