According to the graph shown, if this were depicting an autarky, the amount being sold domestically is:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. 60.
B. 115.
C. 160.
D. 90.
B. 115.
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Financial markets pay close attention to changes in the federal funds rate because these changes ________.
A. indicate commercial bank lending policies B. indicate the Fed's plans for monetary policy C. directly affect the interest payments on the national debt D. directly affect a large volume of loans
Which of the following statements best describes the reaction of the private sector to government budget deficits and surpluses?
a. In practice, the private sector only sometimes adjusts its savings behavior to offset government budget deficits and surpluses. b. In practice, the private sector only partially adjusts its savings behavior to offset government budget deficits and surpluses. c. In practice, the private sector only sometimes and partially adjusts its savings behavior to offset government budget deficits and surpluses. d. In practice, the private sector does not adjust its savings behavior to offset government budget deficits and surpluses.
Merit goods
a. are free goods b. are provided only by the private market c. are provided only by government d. are provided both by the private market and by government e. have zero costs although their price is greater than zero
To internalize the external costs of pollution is to:
A. make the polluter pay all of the costs associated with the polluting activity. B. require that private citizens rather than taxpayers pay for the harmful effects of pollution. C. levy taxes on manufacturing firms located in crowded urban areas. D. auction off pollution rights to those willing to pay the most for them.