A decrease in the value of the U.S dollar will tend to cause, other things the same ________
A) an increase in the volume of U.S. imports
B) an increase in the volume of U.S exports and an increase in U.S. income
C) an increase in the volume of U.S. exports and a decrease in U.S. income
D) a decrease in U.S. income
B
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A Pigouvian subsidy leads to a socially efficient outcome by ________
A) raising individuals' marginal benefit from consumption B) lowering the marginal private cost of production C) raising the marginal external benefit from consumption D) lowering the marginal external cost of production
Monetarists believe that velocity
A) is constant. B) changes erratically. C) and the money supply always have an inverse relationship. D) changes in a way that can be understood and predicted.
A new firm enters a market which is initially serviced by a Bertrand duopoly charging a price of $20. What will the new price be should the three firms coexist after the entry?
A. $20 B. $15 C. $25 D. None of the answers is correct.
Modern forms of insurance can be traced back to around:
A. the early 1400s. B. the mid 1800s. C. the late 1700s. D. the early 1900s.