A good policy ________________ and a bad policy _________________
a. Moves an asset to higher value use; moves an asset to lower value use
b. Moves an asset to lower value use; moves an asset to higher value use
c. Refrains from any government intervention; concentrates on government intervention
d. Concentrates on government intervention; refrains from government intervention
a
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As output increases, average fixed cost
A) always decreases. B) increases, then decreases. C) decreases, then increases. D) remains constant.
The ultimatum game and the dictator game are used in economic experiments to test whether fairness is an important influence on consumer decision-making
Indicate whether the statement is true or false
The Federal Reserve's two main ________ are the money supply and the interest rate
A) fiscal tools B) fiscal policy targets C) policy tools D) monetary policy targets
A system of deposit insurance
A) attracts risk-taking entrepreneurs into the banking industry. B) encourages bank managers to decrease risk. C) increases the incentives of depositors to monitor the riskiness of their bank's asset portfolio. D) increases the likelihood of bank runs.