A "long-run exploitable Phillips curve" refers to a Phillips curve that in the long run is ________ rather than ________
A) downward sloping; vertical B) vertical; horizontal
C) horizontal; upward sloping D) upward sloping; vertical
A
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The market for wheat is an example of
A) a monopoly market. B) an oligopolistic market. C) a perfectly competitive market. D) a monopolistically competitive market.
Moral hazard
a. makes a free market in insurance hard to operate. b. is the tendency of insurance to encourage the source of risk. c. tends to make the cost of insurance higher and the market for insurance less efficient. d. All of the above are correct.
Recall the Application about reducing pollution generated from international shipping to answer the following question(s).Recall the Application. Of the following CO2 reduction methods for international shipping, which has the lowest marginal abatement cost (MAC)?
A. weather-sensitive routing B. switching from diesel to gas-powered engines C. reducing speed and increasing fleet size D. installing fixed sails and wings
Which is best considered an efficiency factor in economic growth?
A)the full employment of resources B)the quantity of human resources C)the quality of human resources D)the quantity of natural resources