In the short run following a depreciation of the dollar, the United States may move downward along the J-curve since it is likely that the United States
A) spends more dollars on imports.
B) spends fewer dollars on imports.
C) sells an increased dollar amount of exports.
D) sells a reduced dollar amount of exports.
A
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Offering to pay the passenger in front of you to keep her from reclining her airplane seat is an example of
A) a tradable exchange contract. B) a Pigovian solution to an externality situation. C) a Coasian solution to an externality situation. D) command-and-control policy.
Steve is finding it impossible to get over his most recent break-up and finds himself talking about her constantly. An example of a commitment device that Steve could use to get over her would be:
A. to allow Steve's best friend to punch him in the arm any time he mentions her name. B. to take a cold shower every morning. C. to start dating someone else. D. None of these is a commitment device.
After 1945, the national debt as a percent of GDP:
a. decreased slightly. b. decreased substantially. c. remained about the same. d. increased slightly. e. increased substantially.
An example of an implicit cost of production is: a. the cost of raw materials used to produce bread in a bakery
b. the cost of labor in a factory that assembles DVD players. c. the income an entrepreneur could have earned working for someone else. d. all of the above.