A change in the euro-dollar exchange rate from $1 per euro to $2 per euro would ____ the U.S. price of German goods, ____ the number of German goods that would be demanded in the U.S.
a. decrease; reducing
b. decrease; increasing.
c. increase; reducing.
d. increase; increasing.
c
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Since Ditto can always be expected to choose the same activity as Dot in the copycat game
a. any move by Dot to escape from Ditto would not be a Pareto improvement. b. any move by Dot to escape from Ditto would be a Pareto improvement. c. Ditto's choice to follow Dot is a Pareto improvement over going by himself. d. Ditto's choice to follow Dot would be a Pareto improvement over playing by himself so long as Dot does not move.
Why do short-run profits in a perfectly competitive industry tend to disappear over time?
If a person does not have to pay more than $3,000 in a year for health-care expenses, this is called their
A. co-payment. B. lifetime maximum. C. maximum out-of-pocket. D. deductible.
Which of the following taxes would impose the smallest excess burden on an individual?
A. a tax on all diet beverages B. a tax on all types of beverages, including water C. a tax on Diet Pepsi D. a tax on all soft drinks