Which of the following are examples of experimental economics?
A. computer experiments
B. laboratory experiments
C. field experiments
D. natural experiments
Ans:
A. computer experiments
B. laboratory experiments
C. field experiments
D. natural experiments
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The different points on a cost curve represent alternative production possibilities in the same time period
a. True b. False Indicate whether the statement is true or false
Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year. Country B has 400 workers. The opportunity cost of one tomato in Country A is:
A. 4 bananas. B. 5 bananas. C. 100 bananas. D. 20 bananas.
If speculators bid up the value of the U.S. dollar in the market for foreign exchange, then
a. U.S. goods become more expensive relative to foreign goods so aggregate demand shifts right. b. U.S. goods become less expensive relative to foreign goods so aggregate demand shifts right. c. U.S. goods become more expensive relative to foreign goods so aggregate demand shifts left. d. U.S. goods become less expensive relative to foreign goods so aggregate demand shifts left.
The financial crisis and recession which began in 2007:
A. impacted only high-income countries. B. did not impact the United States. C. impacted many countries in the world. D. impacted only low-income countries.