Market activity differs from government activity because
a. markets generally force prices to below-cost levels
b. governments never charge for the services they provide
c. markets do not use voluntary exchange mechanisms
d. markets provide a direct link between benefits and costs
e. governments have strong incentives to keep costs under strict control
D
Economics
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Which of the following led a strong attack against mainstream macroeconomists during the 1970s?
A) Friedman and Phelps B) Hicks and Hansen C) Modigliani and Friedman D) Lucas, Barro, and Sargent
Economics
Suppose a German bank purchases a U.S. Treasury bond. This transaction would be recorded in the:
a. capital account. b. current account. c. goods trade balance. d. unilateral transfers.
Economics