Maurice Allais, Reinhard Selten, and Vernon Smith all were awarded the Nobel Prize in Economics in part because
A) they proved that external economies would lead to market failure.
B) of their work on the substitution and income effects of price changes.
C) of their work with experimental economics.
D) they discovered the first example of a Giffen good.
C
Economics
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The government has both encouraged and discouraged the creation of monopolies
Indicate whether the statement is true or false
Economics
An increase in consumer confidence will tend to cause which of the following to occur?
A) a rightward shift in the IS curve B) a leftward shift in the IS curve C) an upward shift in the LM curve D) a downward shift in the LM curve
Economics