"Government should not use price controls" is an example of:

A. Marshallian economics.
B. normative economics.
C. the art of economics.
D. positive economics.

Answer: B

Economics

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In a two-player simultaneous game where neither player has a dominant strategy,

A) there is never a Nash equilibrium. B) there is only one Nash equilibrium. C) the actual outcome is unpredictable. D) the actual outcome will not be a Nash equilibrium.

Economics

The aim of the supply-side tax cuts is to push the economy’s aggregate supply curve outward to the right.

Answer the following statement true (T) or false (F)

Economics