If Congress instituted an investment tax credit, the demand for loanable funds would shift rightward
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Edgeworth Box Economy. In an Edgeworth box, a point where two indifference curves are tangent represents
a. the initial endowment point. b. an allocation that both consumers prefer to the initial endowment. c. a competitive equilibrium. d. a Pareto-optimal allocation of goods.
When trying to determine the standard of living in a given country, it is not important to observe its income distribution, because what we are interested in is the income per person in the economy
a. True b. False Indicate whether the statement is true or false
Short-term unemployment that is associated with the process of matching workers with jobs is called ________ unemployment.
A. cyclical B. structural C. frictional D. technological
Disclosing information in more usable ways to decision-makers:
A. increases instances of rational ignorance. B. can nudge people toward making better decisions. C. will never affect a person's decision. D. effectively eliminates certain choices from a person's options.