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Who is the author of 'Economics in One Lesson'?
What is the key point of the 'broken window fallacy' discussed in the book?
According to the book, where should economic policies be focused?The long term effectsImmediate effectsShort term gains
What does the book suggest about high taxes?They discourage productionThey boost the economyThey have no impact on production
What is the main lesson of 'Economics in One Lesson'?
According to the book, what is the effect of price controls?Cause shortagesBoost the economyStabilize the markets
The author's view on government spending is that it...Crowds out private investmentIncreases productivityBoosts economic growth
What consuming group is often ignored in economic calculations according to the book?
According to the book, what is the effect of minimum wage laws?Cause unemploymentIncrease productivityStabilize the economy
'Economics in One Lesson' advocates for which type of economics?