Briefly describe orthodox stabilization policies
What will be an ideal response?
Minimizes government involvement in the economy and prescribes government spending cuts, tax reform, and control over money supply growth to fight inflation
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Refer to Table 4-6. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $30, producer surplus is
A) $0. B) $16. C) $52. D) $68.
Risk-seeking behavior:
A. is irrational. B. is an aspect of an individual's preferences. C. is the same for everyone. D. All of these statements are true.
The concept of external benefit is associated with a negative externality, but not with a positive externality
a. True b. False Indicate whether the statement is true or false
An example of U.S. foreign direct investment would be a:
A. factory in Japan owned by a Canadian citizen. B. factory in Canada owned by a U.S. citizen. C. factory in New Mexico owned by a Japanese citizen. D. All of these are examples of foreign direct investment.