Economists tend to believe that market incentive plans are generally more efficient than direct regulation.
Answer the following statement true (T) or false (F)
True
Market incentive plans are more likely to make marginal costs equal marginal benefits and thus are likely to be more efficient.
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Output per person must be ________ output per worker.
A. equal to B. less than or equal to C. no more than half the size of D. greater than or equal to
The above figure shows the U.S. market for chocolate. With no international trade, producer surplus is equal to
A) area A + area B + area C + area D. B) area B + area C + area D + area E. C) area B + area C + area D. D) area C + area D. E) area E.
In effect, during the period immediately following World War II, the world was on a(n):
a. gold standard. b. flexible-exchange-rate standard. c. U.S. dollar standard. d. exchange-rate standard dictated by Germany e. pegged-exchange rate standard.
If U.S. net exports are $100 billion and the U.S. purchased $250 billion in foreign assets, then what amount of U.S. assets did foreigners purchase?
a. $150 billion b. -$100 billion c. $250 billion d. -$150 billion e. $50 billion