How would the economy of Canada be likely to be characterized?
a) free market
b) centrally planned
c) mixed, but on the side of centrally planned
d) mixed, but on the side of free marker
Ans: d) mixed, but on the side of free marker
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If Country A's has an overall balance surplus, then the:
a. Central bank must not be intervening in the foreign exchange market. b. Government has to be running a budget deficit. c. Effect is to cause the monetary base to rise. d. Effect is to cause the monetary base to fall. e. Financial account must be in deficit.
We would expect households to have incomplete information about:
a. their own wage rate. b. wage rates available on other jobs. c. products they purchase frequently. d. all of the above.
A pollution tax internalizes the costs of pollution a firm is imposing on others.
Answer the following statement true (T) or false (F)
What are the potential problems that can result if central bankers set a target of a zero rate of inflation?
What will be an ideal response?