Between 1917 and 1982 the U.S. ran a financial account surplus, since 1983 there has been a deficit in the financial account

Indicate whether the statement is true or false


false

Economics

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Refer to Scenario 10.6. If red rubber balls can be produced at any of the three plants, what is the marginal cost of 5th red rubber ball?

A) 4 B) 5 C) 8 D) 20 E) none of the above

Economics

In experimental tests of the ultimatum game:

a. the proposer often offers an even split of the "pie", and responders often reject smaller offers, consistent with the predictions of game theory. b. the proposer often offers an even split of the "pie", and responders often reject smaller offers, in contrast to the predictions of game theory. c. the proposer often offers an unfair split, taking the lion's share of the "pie" for him or herself, and responders often accept such offers, consistent with the predictions of game theory. d. the proposer often offers an unfair split, taking the lion's share of the "pie" for him or herself, and responders often accept such offers, in contrast to the predictions of game theory.

Economics

If a chemical factory causes noxious fumes to be emitted in the neighborhood, a likely third party would be

a. workers at the factory b. factory managers c. chemical customers d. neighborhood homeowners and their families e. owners of the factory

Economics

Figure (a) represents the domestic demand and supply of televisions. Suppose free trade is allowed and the current world price of televisions is P1 as shown in Figure (b). Now suppose the domestic government imposes a tariff increasing the domestic price to P2 in Figure (b). This tariff



a. Q3 minus Q1.
b. Q4 minus Q1.
c. Q2 minus Q1.
d. Q4 minus Q3.

Economics