Contractionary monetary policy will cause the LM curve to shift to the right.
Answer the following statement true (T) or false (F)
False
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History and Adam Smith both point out that people of the same trade
a. often face the temptation to engage in collusion. b. rarely consider engaging in collusion. c. meet only to consider how to improve the quality of their products. d. scrupulously avoid engaging in discussions about their trade since they are competitors.
Which of the following transactions would be governed by the rules of the EEC?
a. Russia's trade with Canada b. the U.S.'s trade with Russia c. Brazil's trade with Bolivia d. France's trade with Greece e. China's trade with Japan
Suppose Tyler values a basketball at $20 . Jacqui values a basketball at $16 . The pre-tax price of a basketball $15 . The government imposes a tax of $2 on each basketball, and the price rises to $17 . The deadweight loss from the tax is
a. $1. b. $2. c. $3. d. $6.
Incentive-based regulations provide polluters no incentive to reduce pollution and are thus not used often.
A. True B. False C. Uncertain