The concern of economists with respect to the trade deficit is whether it is
a. sustainable at current levels.
b. desirable at current levels.
c. under-specified.
d. overestimated.
e. the result of the financial crisis.
A
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Explain which of the following government policies would tend to make more sense in terms of consumer protection: The licensure of interior designers or the licensure of pharmacists
What will be an ideal response?
With respect to redistribution, one reason "The Big Tradeoff" exists is because
A) government programs employ resources that could have been productive elsewhere. B) government policymakers must choose between funding the various programs. C) government programs only employ resources that had no value to society otherwise. D) government programs only pay workers their opportunity cost.
Refer to Figure 10-6. Which diagram demonstrates a decrease in total utility following an increase in the price of candy?
A) the movement from e to d in Panel A B) the movement from g to f in Panel B C) the movement from k to h in Panel C D) none of the above
The aggregate supply-aggregate demand model predicts that an unexpected increase in government spending will have what short-run effects?
What will be an ideal response?