Which aggregate supply curve has a positive slope?
A) both long run and short run B) neither long run nor short run
C) short run only D) long run only
C
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Smith' s construction of an 8-foot fence around his property will block his neighbor Johnson's scenic view. If Smith constructed a 6-foot fence, Johnson's view would not be blocked. If Johnson values his view at $1,000 and Smith values the extra 2 feet of fence at $500, then a possible resolution is that
a. Johnson makes a side payment to Smith of $750 not to build the fence so high. b. Johnson makes a side payment to Smith of less than $500 not to build the fence so high. c. Smith makes a side payment of $750 to Johnson to live with the fence. d. Smith makes a side payment of over $1000 to Johnson to live with the fence.
Use the DD-AA model to compare the domestic economic response under flexible and fixed exchange rate regimes to a temporary rise in export demand from foreign countries
What will be an ideal response?
When two goods are perfect complements, the indifference curves are right angles
a. True b. False Indicate whether the statement is true or false
Tradable allowances are like quotas in that they both:
A. are efficient. B. reduce the quantity bought and sold to the efficient level. C. maximize surplus. D. All of these statements are true.