Public goods, when left to the private market will be:
A. undersupplied.
B. over consumed.
C. under consumed.
D. oversupplied.
A. undersupplied.
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If your planned consumption expenditure is $600 per month and your disposable income is $500 per month, your
A) induced consumption is $600. B) saving is $100 per month. C) dissaving is $100 per month. D) autonomous consumption is -$100 per month. E) autonomous consumption must be zero per month.
Some economists say that "full employment" exists in an economy when:
a. cyclical unemployment is 2 percent. b. cyclical unemployment is 4 to 6 percent. c. frictional unemployment is zero. d. the unemployment rate is 4 to 7 percent. e. the natural unemployment rate is zero.
As a measure of inflation, the principal advantage of the consumer price index over the implicit GDP deflator is that the consumer price index
What will be an ideal response?
Which of the following groups would be most likely to benefit from a tariff on Japanese-manufactured light trucks (i.e., pickup trucks)?
A. U.S. firms that export products to Japan B. U.S. domestic pickup truck manufacturers C. U.S. consumers of pickup trucks D. Japanese auto workers