The price mechanism does not act as a ?
The price mechanism does not act as a ?
A. Signal
B. Incentive
C. Rationing device
D. Indicator of income
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Except for taxes to offset ______ taxes are ______?
Except for taxes to offset ______ taxes are ______?A. imperfect competition popular
B. externalities , distortionary
C. inequality , a first best option
D. poor health, unnecessaryFor given government spending and taxation the government budget deficit will grow in _________ and decline in __________?
For given government spending and taxation the government budget deficit will grow in _________ and decline in __________?A. booms, booms
B. recession, recession
C. booms, recessions
D. recessions, boomsAn increase in the budget surplus ?
An increase in the budget surplus ?A. Shifts the supply of loanable funds to the left and increase the real interest rate
B. Shift the supply of loanable funds to the right and reduces the real interest rate.
C. Shifts the demand for loanable funds to the right and increases the real interest rate.
D. Shifts the demand for loanable funds to the left and reduces the real interest rateCountries with chronic balance of payments deficits eventually need to borrow abroad often from the ________ as the lender of last resort?
Countries with chronic balance of payments deficits eventually need to borrow abroad often from the ________ as the lender of last resort?A. U.S
B. OECD
C. IMF
D. OPECIn a free market system, the amount of goods and services that any one household gets depends upon its ?
In a free market system, the amount of goods and services that any one household gets depends upon its ?A. income
B. income and wealth
C. wealth
D. wage and interest incomeIf output price is constant, the marginal revenue product of labour curve will have the same shape as the ?
If output price is constant, the marginal revenue product of labour curve will have the same shape as the ?A. total variable cost curve
B. marginal cost curve
C. total product of labour curve
D. marginal product of labour curve