For developing countries, one of the more effective ways to become more developed is
A. to invest in human capital.
B. to reduce direct foreign investment.
C. to increase trade barriers.
D. to invest more in the military.
Answer: A
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Whether an externality is positive or negative, it is always
A) evaluated by the Supreme Court of the United States. B) evaluated by the government. C) evaluated by the impact on the third party. D) judged by the profitability of the firm producing the product.
Rising prices will discourage consumption and encourage conservation.
Answer the following statement true (T) or false (F)
A country with a fixed exchange rate faces:
a. no monetary policy constraints in the long run. b. no monetary policy constraints in the short run. c. no monetary policy constraints in the long run and the short run. d. monetary policy constraints in the long run and the short run
(Advanced analysis) Answer the question on the basis of the following information: The equations for the demand and supply curves for a particular product are P = 10 - .4Q and P = 2 + .4Q, where P is price and Q is quantity expressed in units of 100
After an excise tax is imposed on the product, the supply equation is P = 3 + .4Q. Refer to the given information. The equilibrium quantity after the excise tax is imposed is: A. 750 units. B. 850 units. C. 875 units. D. 950 units.