In April 2010, you needed about ________ euro to get $1.00.
Fill in the blank(s) with the appropriate word(s).
0.75
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If player R moves first in the game in Scenario 13.14, the equilibrium will
A) not be different from what it is in the simultaneous-move scenario. B) be to R's detriment because it will not be able to react to C's choice. C) be one in which R chooses 50 and C chooses 150. D) be one in which R chooses 100 and C chooses 50. E) be one in which R chooses 150 and C chooses 50.
How will an increase in government expenditures during a recession be reflected in GDP?
a. An increase in government spending will reduce aggregate demand and decrease GDP. b. An increase in government spending will not affect GDP. c. An increase in government spending will increase GDP, but only if it is directed toward economically productive projects. d. The government spending will increase GDP even if the spending encourages rent seeking and other unproductive activities.
The answer is: "There is a net loss to society." What is the question?
A) What causes the distributional effects to outweigh the aggregate effects? B) What is an effect of a reduction in producers' surplus? C) What is an effect of consumers' surplus? D) What is the effect of a tariff instead of a quota? E) none of the above
Answer the following statement(s) true (T) or false (F)
1. Falling real GDP per capita can bring on unemployment, bankruptcies, and many other human hardships. 2. With nonmarket transactions, no money is exchanged. 3. The underground economy is excluded from the GDP because it goes unreported to the government. 4. If people start taking more three-day weekends, GDP and people’ s economic well- being will necessarily drop. 5. The GDP often reflects important changes in the improvements in the quality of goods.