Many saltwater fish species are currently being overexploited. This is an example of
a. efficiency
b. the tragedy of the commons
c. Pareto optimality
d. a negative externality
e. a positive externality
B
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If home prices rise far above the value of the homeowner's mortgage loan,
A. homeowners will be tempted to default on their mortgage loans. B. default risk faced by lenders tends to decrease. C. homeowners will have greater difficulty obtaining a home equity line of credit. D. default risk faced by lenders tends to increase.
If a monopolist engages in price discrimination, it is with the goal of:
a. improving goodwill with the public. b. increasing profit. c. lowering cost. d. making the demand for its good less elastic.
Other things being equal, a depreciation of the dollar
A. decreases aggregate demand in the United States, and may increase aggregate supply by reducing the prices of imported resources. B. decreases aggregate demand in the United States, and may decrease aggregate supply by increasing the prices of imported resources. C. increases aggregate demand in the United States, and may decrease aggregate supply by increasing the prices of imported resources. D. increases aggregate demand in the United States, and may increase aggregate supply by reducing the prices of imported resources.
Which of the following statements is true?
A) Exports benefit trading countries because exports create jobs. Imports do not benefit trading countries because they result in a loss of jobs. B) Each year China exports about 50 percent of its wheat crop and 40 percent of its rice crop. C) Most of the leading exporting countries are large, high-income countries. D) All sectors of the U.S. economy are affected equally by international trade.