The total value of production from Ford's manufacturing plant in Cologne, Germany would be included in Germany's gross national product

Indicate whether the statement is true or false


FALSE

Economics

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Under the gold standard,

A. each nation had discretion over its monetary policy. B. trade-deficit nations had less control over their money supply than trade-surplus nations. C. trade-surplus nations had less control over their money supply than trade-deficit nations. D. no nation had control over its domestic monetary policy.

Economics

The demand curve for a public good is also called the

A) total social benefit curve. B) total welfare curve. C) total willingness-to-pay curve. D) marginal social benefit curve.

Economics

A situation in which the government cannot implement an optimal tax policy because the policy is inconsistent with the government's incentives over time is known

A. government tax problem. B. time inconsistency of optimal policy. C. the double-counting game. D. Wagner's Law.

Economics

The key difference(s) between perfect competition and monopolistic competition is

A. the products sold are slightly different in perfect competition. B. there is poor information about prices in perfect competition. C. the products sold are slightly different in monopolistic competition. D. there is poor information about prices in monopolistic competition.

Economics