Lower tariffs and quotas cause a country's currency to ________ in the ________ run, everything else held constant
A) depreciate; short
B) appreciate; short
C) depreciate; long
D) appreciate; long
C
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In an effort to clean up the amount of sulfates introduced into the atmosphere the government has ruled that all polluters install smoke stack scrubbers on their smoke stacks and mandated a pollution limit on the amount of sulfates per parts of air
that may be legally emitted into the atmosphere. Suppose some of the polluters have found a more efficient way to eliminate the pollution. How will this discovery change the amount of sulfates emitted into the atmosphere?
Keynes's absolute income hypothesis asserts that consumption
a. increases as income increases, but at a constant rate b. decreases as income increases, but at a constant rate c. increases as income decreases, but at a constant rate d. increases as income increases, but at a decreasing rate e. decreases as income increases, but at an increasing rate
Understanding the potential for tradeoffs between ________ is an important consideration when designing poverty policy.
A. the rich and the poor B. the old and the young C. equity and efficiency D. All of these are true.
Calculate the APS.
