Answer the following statement(s) true (T) or false (F)
According to new growth? theory, more technological advances will occur when the rewards are greater.
True
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In a world with few impediments to capital mobility, the domestic interest rate equals the sum of the foreign interest rate and the expected depreciation of the domestic currency, a situation known as the
A) interest parity condition. B) purchasing power parity condition. C) exchange rate parity condition. D) foreign asset parity condition.
The accompanying graph shows the cost curves for Moe's mushroom gathering business, which is perfectly competitive. 
If mushrooms sell for $10 per bushel, and Moe chooses the profit-maximizing quantity, he will gather:
A. zero bushels. B. 20 bushels. C. 30 bushels. D. 50 bushels.
When an emissions tax is imposed on production of a good, the price will be __________ than it would be in the absence of the tax, and the equilibrium quantity will be __________ :
a. higher, higher b. lower, lower c. lower, higher d. higher, lower
Since 2002, the United States has had:
A. large federal budget surpluses. B. large federal budget deficits. C. modest trade surpluses. D. a rising natural rate of unemployment.