Which one of the following is an example of a positive statement?
A) Farmers need some type of government aid.
B) State governments should provide economic assistance to farmers.
C) The federal government should provide economic assistance to farmers.
D) The amount of financial assistance given to farmers is higher this year than it was 10 years ago.
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In the figure above, if no one owns the lake, what is the deadweight loss in the market?
A) $2,400 per month B) $1,800 per month C) $3,600 per month D) zero
Why is it impossible to make everyone better off in the long run by imposing import restrictions?
What will be an ideal response?
Refer to Table 21.5:Table 21.5QTFCTVCTCAVCMC0 15--1 23 2 43 15 Total fixed costs in Table 21.5 are equal to
A. $60. B. $15. C. $0 because the problem involves the long run. D. $30.
Classical macroeconomists argue that the short-run Phillips curve ________ represent a usable trade-off for policymakers because ________.
A. does not; people do not have rational expectations B. does not; people have rational expectations C. does; people do not have rational expectations D. does; people have rational expectations