As a means of dealing with pollution, do economists generally prefer corrective taxes or do they prefer regulations?
Economists generally prefer corrective taxes to regulations.
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Suppose the annual growth rate of real GDP for the nation of Svengali is 5% and the growth rate of velocity is 0%. If the money supply growth rate decreases from 6% to 2%, what was the initial rate of inflation in Svengali?
A) -1%. B) 1%. C) 1.25%. D) 9%.
Trying to project total federal revenues and outlays over the next 50 years represents educated guesses at best
a. True b. False
You are the Minister of Trade for a small island country with the following annual PPC:
You are negotiating a trade agreement with a neighboring island with the following annual PPC:
As soon as you see the other island's PPC, you realize there are:
A. no gains from trade because you both have the same comparative advantage. B. gains from trade because your island has a comparative advantage in coconuts. C. no gains from trade because the other island has an absolute advantage. D. no gains from trade because there is no difference in your ability to harvest coconuts.
How will a sustained appreciation of the U.S. dollar over time likely affect U.S. net exports?
What will be an ideal response?