Appreciation of the U.S. dollar will ________ exports and ________ imports, other things equal
A) increase; increase
B) increase; decrease
C) decrease; decrease
D) decrease; increase
D
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Which of the following is NOT a function of rental prices?
A) to stimulate the construction of new housing B) to ration the existing housing stock C) to provide housing to individuals below market value D) to allocate existing scarce housing among different people
According to Keynes, an equilibrium below full employment is
A. impossible. B. inevitable. C. a strong possibility.
If we counted the value of non-cash, or in-kind, benefits given to the poor by the government, the poverty rate would be
A. higher. B. lower. C. not affected.
A purely competitive firm does not try to sell more of its product by lowering its price below the market price because:
A. its demand curve is inelastic, so total revenue will decline. B. this would be considered unethical price chiseling. C. its competitors would not permit it. D. it can sell all it wants to at the market price.