Which of the following is not a bias voters have about economics? O A. anti-American bias OB. anti-market bias OC. make work bias OD, anti-foreign bias
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- Economists draw a distinction between world as it is, and statements, which describe th statements, which describe how the world should bAn economy produces two goods, elothing and gertrctacc Which of the fotlowing wouled explain a pivot ourtvrards aioreg the petroleum axis? Select one. a decrease in the size of the labor force that can produce either petroteum products or clothing b. major ol reserves in Alaska are declared off imits to producers in order to protect the environment C. major oil reserves are discovered off the coast of Africa d aproductive improvement in clothing production that has no effect on petroleum productionPlz solve atleast one ... Thnku
- 12. The current tax system in United States collects more than 50% of government income tax revenue from the top 25% of earners. This is what type of statement? O Positive statement O Normative statement O Relative statement O Productive statementPrice Floors is a maximum legal price fixed bythe governmentSelect one:Oa. FalseO b. True1,Think back to August 6, 1945. The United States has just dropped an atomic weapon on thecity of Hiroshima killing tens of thousands of Japanese and devastating the infrastructure. AKeynesian at that time might conclude that there is a silver lining in the destruction, aseconomic prosperity will result. Evaluate the logic of this claim in a few sentences. 2,Most introductory economics textbooks have a section on “market failure.” It is here thatstudents learn that markets may fail to achieve their potential – leaving people worse off thanthey theoretically could be. The existent of market failure is often taken as an excuse forgovernment intervention to do whatever markets fail to do. In just a couple of sentences, explainwhy economists (and others, particularly politicians) must accept the possibility of “governmentfailure” as well? That is, tell me why government solutions to perceived market “failures” maythemselves fail to achieve their own stated goals? The U.S. Drug war is an…
- Use the following two statements to answer this question: L. Economic theories are developed to explain observed phenomena by deducing from a set of basic rules and assumptions. IL Economic theories use value judgments to determine which people ought to pay more taxes O A. Both I and Il are true. O B. Iis false. and Il is true. O C. Both I and II are false. O D. Iis true, and Il is falseDurii,g the Revolutionary War, the American coloniescould not raise enough tax revenue to fully fund thewar effort. To make up the difference, the coloniesdecided to print more money. Printing money to coverexp en di tures is sometimes referred to as an ''inflationtax.'' Who do }'OU thii,k is being "taxed" when moremonC}• is printed? Why?Economics All questions are the in the same problem. Pleaee help
- Who wrote the book The World is Flat Select one: O a. Thomas Friedman O b. Stephen King O c. Bill O'Reilly O d. Michael BeschlossA major event such as a disastrous hurricane or national security crisis which attracts widespread media attention to an issue and can impact one's preferences on that policy area is known as a(n), Not yet antwered Select one: O a. focusing event O b. framing Oc. priming O d. policy developmentQUESTION 1 Consider an OLG economy where each generation has 20 bananas when young, and O bananas when old. What is cy of each generation without money? QUESTION 2 Consider an OLG economy where each generation has 20 bananas when young, and 0 bananas when old. What is co of each generation without money? QUESTION 3 Consider an OLG economy where each generation has 20 bananas when young, and 0 bananas when old. What is the lifetime happiness of each generation without money?
