In the aggregate expenditures model of the economy, a downward shift in aggregate expenditures can be caused by a decrease in
A. saving or an increase in government spending.
B. taxes or an increase in government spending.
C. interest rates or a decrease in taxes.
D. government spending or an increase in taxes.
Answer: D
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The more inelastic the demand for agricultural output, the stronger the incentive for farmers to engage in rent-seeking activities.
Answer the following statement true (T) or false (F)
The new growth theory argues that
What will be an ideal response?
Which of the following can solve the problem of moral hazard that arises due to the provision of unemployment benefits?
A) Increase in the cover period B) Restrictions on the claim amount C) Increase in the amount provided as benefit D) High premium
If skilled labor is ___ unskilled labor, then an influx of unskilled immigrants could ____ the demand for skilled labor
a. a substitute for; raise b. a complement to; raise c. a complement to; lower d. a complement to; substitute.