All of the following are private costs of operating an automobile EXCEPT
A) gasoline for the car.
B) depreciation of the vehicle.
C) car insurance.
D) harm to the environment from emissions.
D
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An economy that experiences a fall in the price level over two consecutive quarters necessarily experiences
A) a recession. B) inflation. C) deflation. D) disinflation.
What is poverty and how does its incidence vary across the races?
What will be an ideal response?
The currency value of Agraria is set by government decree. Which of the following happens when the government alters the exchange rate so that its currency can buy more units of foreign currency?
A. Reflation B. Devaluation C. Appreciation D. Revaluation
Assume a country produces two types of goods: manufactured goods and agricultural goods. When this country experiences economic growth, we know that
A. there will be movement along the curve toward more agricultural goods. B. the production possibilities curve will shift outward. C. the production possibilities curve will shift inward. D. there will be a movement along the curve toward more manufactured goods.