Government price controls make communication of information between buyers and sellers more effective
a. True
b. False
Indicate whether the statement is true or false
False
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Other things constant, if domestic consumers purchase fewer foreign goods at each level of GDP, in the short run
A. foreign countries' GDP will rise. B. GDP will fall. C. GDP will rise. D. there will be no change in GDP in this country.
Which of the following is not a benefit resulting from international policy coordination?
A) International policy externalities can be internalized. B) It makes the most out of the limited tools central banks have to manage the economy. C) Governments working together are often better positioned to withstand domestic objections to policies if they stand together. D) All of the above are benefits.
Marginal revenue product of labor equals marginal product times the wage only when the firm is a perfect competitor in the product market
a. True b. False
In the u.s., any project requiring a federal permit or license, or using federal funds, by law must be preceded by an
A. needs assessment B. archeological assessment C. cultural assessment D. social impact statement