Which of the following is the most fundamental function of government?
a. protection of individuals and their property
b. imposing progressive taxes to fund income-transfer programs
c. regulating prices and wages
d. provision of postal services and garbage collection
A
Economics
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Jim enjoys the feeling of wind in his hair enough to ride his motorcycle without a helmet, even though he fully realizes the potential for injury it creates by not wearing one in the unlikely event he is in an accident. To an economist, Jim is
a. making an irrational choice. b. making a rational choice. c. not fully considering the personal costs and benefits of his decision. d. not responding to the incentives he faces.
Economics
Capital flight shifts the demand for loanable funds to the left
a. True b. False Indicate whether the statement is true or false
Economics