Refer to Figure 5-7. What is the incremental benefit of increasing the quantity of pollution reduction from QB to QE units?
A) the value of the area BEF B) PE × QE
C) the value of the area QBBFQE D) PE
C
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Investment in education in the HPAE was ________ in ________
A) low; primary schools B) high; primary schools C) low; primary and secondary schools D) high; primary and secondary schools E) high; university education
If the Fed wants to lower the interest rate, it will
a. buy bonds and decrease the money supply. b. buy bonds and increase the money supply. c. sell bonds and decrease the money supply. d. sell bonds and increase the money supply. e. sell bonds and decrease money demand.
A Japanese firm exporting finished products to the United States will be a demander of U.S. dollars and a supplier of Japanese yen in the foreign exchange market
a. True b. False Indicate whether the statement is true or false
Which of the following could explain the changing gap in income between unskilled and skilled workers in the United States?
a. International trade has decreased the domestic demand for skilled labor and increased the domestic demand for unskilled labor. b. Certain technological changes such as the introduction of computers have increased the domestic demand for skilled labor and decreased the domestic demand for unskilled labor. c. Both a and b are correct. d. Neither a nor b is correct.