Multiple Choice
The zero sum fallacy refers to
A) You gaining only if someone else loses
B) The allocation of the pieces of the total economic pie- if you eat the piece,I cannot consume it
C) Ignores the possibility of the total pie growing itself
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q26: Government can<br>A)Create wealth by not interfering in
Q27: Government intervention<br>A)can provide incentives to conduct business
Q28: A consumer values a house at $525,000
Q29: A buyer values a house at $525,000
Q30: Subsidies can destroy wealth because<br>A)subsidies move assets
Q32: If you are willing to purchase a
Q33: A consumer values a car at $30,000
Q34: Technological advancement creates unemployment in firms that
Q35: Total surplus or gains created from trade
Q36: Ethanol Mandates<br>Congress has passed laws requiring that