Other things equal, similar resources in alternative uses will be paid
a. different amounts based on their different uses
b. different amounts based on the alternative uses
c. different amounts if resources are mobile
d. similar amounts if resources are not mobile
e. similar amounts if resources are mobile
E
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What is the major anticipated benefit of global capital markets? Do all countries gain?
What will be an ideal response?
Suppose you purchase a new home for $75,000, making a down payment of 20% and taking out a mortgage on the balance
What is the return on your investment in your home if one year later the price of the home increases by 5%? What if the price of the home decreases by 5%?
Tammy installed a set of wind chimes in her backyard. She enjoys listening to the musical tones when the breeze hits them. Her neighbor Steven also enjoys the chimes, but her other neighbor Sally hates the constant noise. Tammy's wind chimes:
a. create a negative externality for Steven and a positive externality for Sally. b. are not related to the issue of property rights since all parties are homeowners. c. are an example of an efficient market since the benefits to one party are balanced by costs to another party. d. are a public good because all three parties can hear the wind chimes. e. create a positive externality for Steven and a negative externality for Sally.
Countries are divided into groups based on income. What income group is most common?
a. middle income ($1,025-$12,475 GDP/capita) b. low income (less than $1,025 GDP/capita). c. high income (greater than $12,475 GDP/capita). d. high and low income groups have the same number.