An example of a negative externality created in the market system would be
A) poverty.
B) unemployment.
C) an increased number of bird flu patients.
D) water pollution.
D
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When price level in the United States rises,
a. there is a increased demand for borrowed money. b. producers' demand for new machinery increases, contributing to an increase in aggregate demand. c. Americans tend to buy more foreign goods and services. d. the French, Canadians, and Japanese would find our exports more attractive. e. to replenish the value of your real wealth, you would save less and consume more.
In a monopoly, which of the following is not true?
a) Products are differentiated. b) There is freedom of entry and exit into the industry in the long run. c) The firm is a price maker. d) There is one main seller.
If demand is estimated to be Qd = 240 - 6P, the marginal revenue function is
A. MR = 240 - 6P. B. MR = 240 - 2Q. C. MR = 240 - 12P. D. MR = 40 - 2P. E. MR = 40 - 0.33Q.
If a certain automotive part can be purchased in Mexico for 32 pesos or in the United States for $5.25, and if the nominal exchange rate is 8 pesos per U.S. dollar, then the automotive part:
A. is more expensive in the United States. B. costs the same in Mexico and the United States. C. is more expensive in Mexico. D. is less expensive in the United States.