Refer to the table above. The official settlements account balance is
A) -$1,100 billion.
B) -$10 billion.
C) $1,100 billion.
D) $10 billion.
E) $0.
D
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Describe the situation in the market for a good or service that the United States imports
What will be an ideal response?
According to the income approach, the largest component of national income in 2003 was
a. government purchases b. proprietor's income c. net interest d. personal consumption expenditures e. compensation of employees
Table 28.1Reduction in Emissions (in tons)MC to Reduce Emissions by Steel PlantMC to Reduce Emissions by Paper Plant1$400$20025002803600320Refer to Table 28.1. Suppose the government allows these two firms to trade pollution permits. What would be the price of a permit to emit the second ton of pollutants?
A. Less than $200. B. Between $280 and $400. C. More than $500. D. Between $200 and $280.
If the equilibrium price of gasoline is $4.00 per gallon and the government will not allow oil companies to charge more than $3.00 per gallon of gasoline, which of the following will happen?
A. Supply must eventually increase so that the market will come into equilibrium at a price of $3.00. B. The market will be in equilibrium at a price of $3.00. C. A nonprice rationing system such as ration coupons must be used to ration the available supply of gasoline. D. Demand must eventually decrease so that the market will come into equilibrium at a price of $3.00.