The U.S. economy of the late 1920s and early 1930s is typically referred to as ________
A) "The Great Depression"
B) "The Great Inflation"
C) "The Great Moderation"
D) all of the above
E) none of the above
A
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Marginal analysis is useful in economics, but not in other areas of life
a. True b. False Indicate whether the statement is true or false
Suppose that Amber's demand for gasoline is given by G = 1000 - 200PG, where G stands for gallons of gas and PG represents the price of gas. (a) Suppose gas sells for $2 per gallon. What is Amber's consumer surplus? Illustrate your answer graphically. (b) Suppose the price of gas rises to $3 per gallon. What is the change in Amber's consumer surplus? Illustrate this change in your graph
What will be an ideal response?
A Pigouvian tax corrects for
A. market congestion. B. market losses. C. inefficient sales. D. low market prices.
Which of the following is least likely to reduce poverty?
A. Redirecting resources within the poor nation away from the military. B. Receiving foreign aid from rich donor countries. C. Raising taxes within the poor nation. D. Receiving aid from private charities or NGOs.