As recessions begin, employment
a) rises and income falls.
b) falls and income rises.
c) and income both fall.
d) and income both rise.
Ans: c) and income both fall.
Economics
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Why do economists believe that it is socially optimal to have some amount of pollution?
What will be an ideal response?
Economics
An implication of the median voter theorem is that
a. minority views and majority views are given equal weight. b. platforms of the major political parties will not differ greatly. c. the logic of democracy is fundamentally flawed. d. behavioral economics plays a significant role in voting outcomes.
Economics