Which statement best describes the challenge in determining whether a trade surplus is good or bad?
a. The challenge in determining whether a trade surplus is good or bad is to understand how the international flows of goods and services are connected with international flows of financial capital.
b. The challenge in determining whether a trade surplus is good or bad is to understand how the international flows of goods are connected with international flows of financial capital.
c. The challenge in determining whether a trade surplus is good or bad is to understand how the international flows of services are connected with international flows of financial capital.
d. The challenge in determining whether a trade surplus is good or bad is to understand how the international flows of investments are connected with international flows of financial capital.
a. The challenge in determining whether a trade surplus is good or bad is to understand how the international flows of goods and services are connected with international flows of financial capital.
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People derive utility in their lives from consuming goods (all other goods), g, and clean air (measured as the number of particulates removed per m3), a, as measured with the utility function U(g,a) = g0.6a0.4
The price index of consumer goods equals $20 per day. Income equals $1000. What is likely to happen to the number of asthma cases as the price of clean air (abatement cost) increases from $10 to $20? A) Asthma cases decrease because the particulants per m3 increases by 2 units. B) Asthma cases increase because the particulant per m3 decreases by 2 units. C) Asthma cases increase because the particulants per m3 increase by 2 units. D) There is not enough information to answer this question.
Explain why the government provides public libraries. After all, we can buy books in the free market from firms such as Barnes & Noble
If the MPC equals 0.85, then
A. for every $100 increase in real Gross Domestic Product (GDP), saving increases by $85. B. for every $100 increase in real Gross Domestic Product (GDP), saving increases by $15. C. for every $100 increase in consumption, real Gross Domestic Product (GDP) increases by $85. D. consumption is always more than real Gross Domestic Product (GDP).
Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $150 and is a monopolistically competitive firm. If the firm produces the profit-maximizing level of output and sells it at the profit-maximizing price, the firm ________ of $100.
A. has a marginal cost B. suffers a loss C. has an average variable cost D. earns a profit