Logrolling refers to attempts by individuals to use government action to make themselves better off at the expense of others
Indicate whether the statement is true or false
FALSE
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Firms that seek to avoid hiring lazy workers that assert they are hardworking are trying to avoid
A) adverse selection. B) moral hazard. C) screening. D) signaling.
A main trading partner with the U.S. is:
A. Hungary. B. Canada. C. Russia. D. Italy.
Which of the following would cause an economy to produce at a point inside its production possibilities curve?
A. the efficient allocation of all factors of production B. capital accumulation C. unemployment and an inefficient use of available resources D. population growth
You are hired by the Bureau of Economic Analogies (BEA) as an economic consultant. The chairperson of the BEA tells you that he believes the current unemployment rate is too high. The unemployment rate can be reduced if aggregate output increases. He wants to know what policy to pursue to increase aggregate output by $200 billion. The best estimate he has for the MPC is 0.6. Which of the following policies should you recommend?
A. reduce taxes by $150 billion and decrease government spending by $100 billion B. increase government spending by $80 billion C. increase taxes by $133.33 billion D. reduce the budget deficit by $200 billion