Two of the main focuses on development economics focuses on how countries can promote:
A. sound monetary and fiscal policy.
B. health and fiscal policy.
C. sound monetary policy and education.
D. health and education.
Answer: D
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Motorcycle helmet laws have been controversial in some states. Riders prefer the feel of the wind on their faces. Others, however, point out that riders without helmets are more likely to suffer severe injury and run up hospital bills at public expense. Which of the following would most likely reduce the incidence of high bills for helmetless riders?
a. raise insurance rates for helmetless riders b. lower insurance rates for helmetless riders c. publish information on injury rates for helmetless riders d. subsidize hospitals
One of the elements of monopolization is
A) having a monopoly. B) wanting to be a monopoly and wanting to earn monopoly profits. C) monopoly pricing. D) the willful acquisition of monopoly power.
Which of the following is true about monetary policy in the liquidity trap?
A. An expansion of the money supply will have the large effect of raising interest rates when the economy is in the liquidity trap. B. Monetary policy will be unable to reduce interest rates further to stimulate investment. C. The demand for money is interest-inelastic in the liquidity trap. D. The opportunity cost of holding money is relatively high at interest rates implied by the liquidity trap.
Refer to Scenario 19.3 below to answer the question(s) that follow. SCENARIO 19.3: Suppose demand for widgets is given by the equation P = 20 - 0.5Q. Originally, the price of the good is $10 per unit. When a tax of $2 per unit is imposed, the price of the good rises to $12 per unit.Refer to Scenario 19.3. Prior to the imposition of the tax consumer surplus was ________ and after the tax was imposed consumer surplus was ________.
A. $100; $64 B. $64; $100 C. $200; $128 D. $50; $32