Which economist proposed a theory of government failure?
Question 18 options:
Which event would cause the budget line to shift outward?
Question 19 options:
He was the first to propose government failure
d)An increase in income.
Changes in income shift the budget line.
d)a framing bias.
A framing bias represents a congnitive bias in which people react according to the presentation.
c)the long-run industry supply curve will slope upward.
If many firms enter the computer software industry and consequently bid up the price of programmers, then the long-run industry supply curve will slope upward.
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