Refer to Figure 4-5. What is the area that represents consumer surplus after the imposition of the ceiling?
A) A + B + D + F B) A + B + C C) A + B + D + F + G D) A + B+ D
D
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Martha and George have just completed a nasty divorce, and Martha won the lion's share of the settlement. What can we conclude about their lawyers?
A) George's lawyer was productive, Martha's wasn't. B) Martha's lawyer was productive, George's wasn't. C) Both Martha's and George's lawyers were productive. D) Neither lawyer was productive.
Which of the following is a government expenditure, but is not a government purchase?
A) The federal government pays out an unemployment insurance claim. B) The federal government buys a Humvee. C) The federal government pays the salary of an FBI agent. D) The Federal government pays to support research on AIDS.
The domestic currency will ________ with a(n) ________ in the foreign interest rate
A) depreciate; increase B) appreciate; increase C) depreciate; decrease D) appreciate; decrease
When a nation is said to be running a balance of payments surplus, this means its
A) official settlements balance is positive. B) trade balance is positive. C) net financial account balance is positive. D) current account is positive.