Evaluate the pros and cons of State-Owned Enterprises
What will be an ideal response?
Development Spotlight 10-1 lists the pros and cons. Students should base their evaluation on as much economic reasoning as possible, and state where political or other judgements enter their evaluation.
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Suppose the exchange rate between the U.S. dollar and the Jamaican dollar was $1 U.S. = $40 Jamaican dollars. A beach towel sells for $20 in Miami and $60 Jamaican in Negril
A) Purchasing power parity does not prevail with these prices. B) The U.S. dollar would be expected to depreciate. C) The Jamaican dollar would be expected to appreciate. D) All of the above are correct.
In general, the current stock of pollutants (St) may be modeled as St = Et + (1 - d)St-1 where d is the ________ and Et is the ________
A) social discount rate, previous stock level B) social discount rate, current emissions C) stock dissipation rate, previous stock level D) stock dissipation rate, current emissions
Why does the government allow some markets to be monopolized by granting patents?
a. to promote a more equal distribution of income b. to correct for negative externalities c. to promote technological progress d. to ensure lower prices for consumers in the short run
The market for corporate control
a. was guaranteed by the first amendment. b. makes sure that bad management keeps their jobs c. makes hostile takeovers impossible d. provides a means to replace under performing management. e. all of the above.