If the inflation rate in the U.S. is higher than in other countries, the value of the dollar in international currency markets will be expected to
A. remain unchanged.
B. rise.
C. fall.
C. fall.
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When the production of a good has a marginal external cost, which of the following occurs in an unregulated market?
i. Overproduction relative to the efficient level will occur. ii. The market price is less than the marginal social cost at the equilibrium quantity. iii. A deadweight loss occurs. A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Refer to the graph above. Points A, B, and C represent ________, ________, and ________, respectively
A) equilibrium wage rate after migration from home to foreign has occurred; the wage rate in foreign before migration; the wage rate in home before migration B) equilibrium wage rate after migration from foreign to home has occurred; the wage rate in home before migration; the wage rate in foreign before migration C) the wage rate in home before migration; the wage rate in home after migration; the wage rate in foreign after migration D) the global wage rate before migration; the wage rate in foreign after migration; the wage rate in home after migration E) the global wage rate before migration; the wage rate in home after migration; the wage rate in foreign after migration
Prior to health care reform, young people would pay approximately ____ of the premium it would cost an elderly person
a. 1/6 b. 1/2 c. 2/3 d. 4/5
Economists sometimes use the term "countercyclical"
What will be an ideal response?What will be an ideal response?