All of the following can file antitrust charges under the Sherman Act except:
A. the U.S. Justice Department.
B. state attorneys general.
C. injured private parties.
D. the Federal Energy Regulatory Commission.
Answer: D
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If tax revenues equal 25 percent of total output and government expenditures equal 20 percent of total output, then there is a:
A. government budget deficit. B. government budget surplus. C. trade deficit. D. trade surplus.
The narrowest balance of payments measure is the:
a. Financial account. b. Current account. c. Balance on goods and services. d. Trade balance
Suppose twenty neighbors share a park. One of the neighbors, Al, leaves trash in the park. This bothers the other neighbors. According to Coase's Theorem, assigning the property rights to the park to Al
A) will achieve the socially optimal quantity of trash. B) will result in zero trash being dumped in the park. C) might still not achieve the social optimum since coordinating the other nineteen neighbors can be costly. D) is unfair.
Which of the following is one of the main causes of the fiscal crisis in Greece?
A. Greece experienced high birth rate and low death rate between 2000 and 2010. B. Greece's prime minister did not have the desire to tackle difficult structural issues. C. Greece did not have a strong labor force to support production. D. Greece had a high national debt and high deficits prior to the crisis.