Which is true?
a. Brazil has seen an average decline in the number of children that the average Brazilian woman has
b. on average, tall people are paid higher salaries
c. As the Venezuelan govt seizes more foreign-owned businesses, her economic growth will decline
d. all
Ans: d. all
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Fiscal policy includes all of the following EXCEPT
A) policies that influence the rate of growth of the quantity of money in circulation. B) changing taxes. C) changing government spending. D) policies that influence aggregate demand.
During the global financial crisis of 2008, as more people started selling their houses in fear of falling house prices, the house prices fell further. This is an example of a(n) ________
A) pecuniary externality B) positive externality C) information cascade D) moral hazard