Which of the following products would be considered scarce?
a. bread
b. baseballs autographed by Babe Ruth
c. motorcycles
d. All of the above are correct.
d
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Which of the following is not among the first steps the textbook recommends be taken to reduce negative externalities?
A) Adjudication B) More scientific research C) Negotiation D) The cultivation of civic virtues
The 2009 fiscal stimulus package was passed ________
A) to prevent the real interest rate from rising B) to shift the IS curve to the left C) to raise aggregate output at any interest rate D) all of the above E) none of the above
In economics, money is an example of capital
a. True b. False
Exhibit 12-8 Negative income tax for a family
In Exhibit 12-8, consider a family that earns less than the break-even income level. For each $1 of earned income, this family's government payment will be reduced by:
A. $0.10. B. $0.25. C. $0.33. D. $0.50.