A potential benefit that comes from social regulations would be
A. higher tax collections.
B. more layoffs.
C. higher costs.
D. a cleaner environment.
Answer: D
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Real gross domestic product per capita declines during periods of rapid economic growth
Indicate whether the statement is true or false
Suppose $1=10.5 pesos in new York and $1=9.6 pesos in mexico city. If you had $10,000 using arbitrage, your profits would be
A) $(10,000*10.5/9.6)-$10,000= $937.50 B) $[10,000*(10.5 -9.6)] = $9000 C) [10,000*(10.5 -9.6)] pesos = 9000 pesos D) $(10,000*9.6/10.5) = $9,142.8613.
If a good is produced up to the point where marginal social benefit equals marginal social cost, then:
A. social welfare is maximized. B. the good is overproduced and the market is inefficient. C. firms are earning zero profits. D. all externalities have been eliminated.
The notion of the "classical range" was one of the basic parts of the
A. present value curve. B. aggregate supply curve. C. aggregate demand curve. D. supply curve.