Students who talk loudly with each other in class
A) create an externality because other students cannot follow the lecture as well.
B) disturb nobody.
C) benefit the other students in class because they engage in conversation.
D) only create an externality if they talk about something unrelated to class.
A
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If the U.S. dollar depreciates against the euro, what can the Fed do to keep the dollar's exchange rate stable?
A) decrease U.S. imports by increasing tariffs B) nothing C) buy dollars in the foreign exchange market D) sell dollars in the foreign exchange market E) buy euros in the foreign exchange market
In the above figure, if D2 is the original demand curve and consumers come to expect that the price of the good will rise in the future, which price and quantity might result?
A) point a, with price P2 and quantity Q2 B) point b, with price P1 and quantity Q1 C) point c, with price P3 and quantity Q3 D) point d, with price P1 and quantity Q3
A country that must decrease production of one good in order to increase the production of another
A) must be using resources inefficiently. B) must be producing on its production possibilities frontier. C) must be producing beyond its production possibilities frontier. D) must have private ownership of property.
If you have more than one job, you are counted more than once in the persons-employed data.
Answer the following statement true (T) or false (F)