A subsidy is sometimes used by government to correct the problems associated with
A. negative externalities.
B. internal benefits.
C. positive externalities.
D. external costs.
Answer: C
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Refer to Figure 19-12. The graph above, depicts supply and demand for U.S. dollars during a trading day. At a fixed exchange rate of 0.30 pounds per dollar, the dollar is ________ versus the pound
A ________ of the dollar would correct the fundamental disequilibrium that exists in this market. A) overvalued; revaluation B) overvalued; devaluation C) undervalued; devaluation D) undervalued; revaluation
The Fed's mistakes of the early 1930s were compounded by its decision to
A) raise reserve requirements in 1936-1937. B) lower reserve requirements in 1936-1937. C) raise the monetary base in 1936-1937. D) lower the monetary base in 1936-1937.
What is the percentage of income received by the upper quintile on line Z?
An industry consists of six firms with annual sales of $300, $500, $400, $700, $600, and $600. What is the industry's HHI?
A. 1,659 B. 1,909 C. 1,839 D. 1,779