We define net exports to be:
A. exports minus imports.
B. imports minus exports.
C. imports divided by exports.
D. imports plus exports.
A. exports minus imports.
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If the marginal social benefit of pizza exceeds the marginal social cost of pizza, the economy is producing the efficient quantity of pizza
Indicate whether the statement is true or false
In the loanable funds framework, the ________ curve of bonds is equivalent to the ________ curve of loanable funds
A) demand; demand B) demand; supply C) supply; supply D) supply; equilibrium
Which of the following statements is false?
a. A decrease in the reserve ratio does not change the monetary base. b. Purchases of foreign currency by the central bank increase the monetary base. c. Discount loans to banks decrease a nation's monetary base. d. All are false. e. All are true.
Suppose an industry has 100 firms, each with supply curve P = 50 + 10Q. Furthermore, suppose the market demand curve is given by P = 200 - 0.9Q. What is the industry supply curve?
A. P = 50 + 0.1Q B. P = -500 + 10P C. P = 50 + 10 Q D. P = 500 + Q