Which EU institution has played a significant role is responding to the economic crisis that began in 2007?
What will be an ideal response?
The European Central Bank
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Constructing plastic containers produces air pollutants. Therefore, in the market for plastic containers,
A) the marginal social cost curve is above and to the right of the demand curve. B) the marginal social cost curve is below and to the left of the demand curve. C) the marginal social cost curve is above and to the left of the supply curve. D) the marginal social cost curve is below and to the right of the supply curve. E) there is a gap between quantity supplied and quantity demanded in equilibrium.
In the 1970s, _____
a. the market interest rate increased above the rate that banks could offer b. banks and thrifts were able to borrow at low interest rates to support outstanding loans c. the market interest rate decreased below the rate that banks could offer d. banks and thrifts were forced to call in outstanding loans e. banks and thrifts were bailed out by the FDIC
If our government cuts taxes, then we will see
a. an upward movement along the AD curve b. a downward movement along the AD curve c. the AD curve shift to the left d. the AD curve shift to the right e. the AS curve shift to the right
Which of the following is a market imperfection that might explain persistent wage differentials within an occupation?
A. Movement of labor from lower-wage to higher-wage jobs. B. Readily available information about job opportunities and pay. C. Principal-agent problems. D. Discrimination.