If the government sought to end a recession, which of the following would be an appropriate policy?
a. Increase taxes
b. Decrease government purchases.
c. Decrease taxes and increase government purchases.
d. None of the above
c. Decrease taxes and increase government purchases.
Economics
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Public choice theory applies ____ principles to politics
a. altruistic b. ceteris paribus c. economic d. the fallacy of composition
Economics
The production possibilities frontier can be used to illustrate all of the following concepts, except one. Which is the exception?
a. productive inefficiency b. opportunity cost c. the law of demand d. scarcity e. the law of increasing opportunity costs
Economics