Mancour Olson believes that developed nations have experienced an eventual slowing of their growth because of ____.
Fill in the blank(s) with the appropriate word(s).
the growing power of special interest groups
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Attempts to influence the law for your own private economic advantage is called
A) tax imposition. B) subsidizing. C) rent seeking. D) creating a deadweight loss.
If the Federal Reserve decided to include virtual money like Bitcoins in its measure of the money supply, what would be the effect on M1 or M2?
A) M1 would rise. B) M1 would rise and M2 would remain constant. C) M2 would rise but M1 would remain constant. D) M1 would fall.
Because Treasury bills pay a higher return than money and have no risk
A) the transactions demand for money may be zero. B) the precautionary demand for money may be zero. C) the speculative demand for money may be zero. D) all three of the above motives for holding money will be zero.
The indifference curves for right shoes and left shoes will be:
A. L-shaped. B. convex. C. a straight line with positive slope. D. a straight line with negative slope.