Pure public goods involve positive externalities.
A. True
B. False
C. Uncertain
A. True
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What is a positive statement? Give an example
What will be an ideal response?
When is a balance of payments account out of balance?
a. only when exports are greater than imports b. only when imports are greater than exports c. when exports are either greater or less than imports d. only when exports are greater or less than imports over a sustained period e. never
The "Cross of Gold" speech was:
A. in favor of the gold standard and was given in 1896. B. against the gold standard and was given in 1896. C. in favor of the gold standard and was given in 2008. D. against the gold standard and was given in 2008.
A horizontal supply curve of labor implies that
a. lower wages are required to attract more employees b. higher wages are required to attract more employees c. MPP is constant d. any quantity of workers can be hired at the same wage e. the total labor cost curve is horizontal