The world's largest debtor nation in terms of debt owed to foreign citizens and governments is:
A. Russia.
B. Argentina.
C. Japan.
D. The United States.
D. The United States.
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Refer to Negative Externality. According to a Pigovian analysis of this externality, when a tax of $5 per unit is imposed on the firms in this industry, the external costs created by the firms' production will equal
The following questions refer to the accompanying diagram, which shows the effects of a negative externality created by an industry's production. The equilibrium quantity in the absence of any attempt to internalize the externality is QE, and the optimal quantity according to a Pigovian analysis is QO.
a. area C + D + E + G + H.
b. area C + D + G + H.
c. area C + G.
d. zero.
If the nominal interest rate increases without any change in the rate of inflation:
A) the ratio of real interest rate to nominal interest rate increases. B) the real interest rate increases. C) the real interest rate decreases. D) the real interest rate remains the same.
The government corrects for externalities in all of the following ways EXCEPT
A) taxes. B) regulation. C) lobbying. D) subsidies.
Repeated hurricanes in Florida have caused some retirees to choose to retire to Arizona instead. Based on this information, retirement housing in Florida and that in Arizona are what kinds of goods?
A. Florida housing has become a luxury good, and Arizona housing had been an inferior good. B. Florida housing and Arizona housing are complementary goods. C. Florida housing has become an inferior good, and Arizona housing had been a luxury good. D. Florida housing and Arizona housing are substitutes.