A. Everyone is wealthy
B. Resources are unemployed
C. More of one product can only be produced if less of another product is produced
D. The distribution of income is eqal
A. government is symbol state is the process
B. government is a process that includes the people who exercise political power
C. the state is an abstract symbol of the political institution
D. government is a process and the state is an abstract symbol
A. A reduction in unemployment benefits will reduce the unemployment benefits will reduce the unemployment rate.
B. The rate of inflation should be reduced because it robs the elderly of their savings.
C. The unemployment rate should be reduced because unemployment robs individuals of their dignity.
D. The state should increase subsidies to universities because the future of our country depends on education.
A. increasing the rate of return within their portfolio
B. diversifying their portfolio
C. All of these answers help reduce risk
D. buying insurance
A. firm
B. household
C. market
D. product
A. unions increasing wages too much
B. OPEC raising the price of oil too much
C. governments increasing the quantity of money too much
D. regulations raising the cost of production too much
A. profit myopia
B. principal-agent problem.
C. merger mania.
D. moral hazard