When the consumption of a good or service imposes costs to society that are not reflected in the market price of the good
A. it implies that the good is a public good
B. a positive externality arises
C. it implies that a renewable resource has been used in the production of the good
D. a negative externality arises
Answer: D. a negative externality arises
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Martha quits a minimum-wage part-time job for a salaried full-time job. The BLS will count Martha as
A) originally unemployed but now employed. B) originally employed and continuing to be employed. C) originally a discouraged worker but now happily employed. D) any of the above.
In a system of flexible exchange rates, expansionary monetary policy abroad would induce
a. a rise in the U.S. exchange rate. b. a fall in the U.S. rate of exchange. c. a balance of payments surplus for the United States. d. no change in U.S. exchange rates.
Which statement holds true in the post-World War II era?
(a) There was a permanent increase in the percentage of working adult women with children. (b) Firms found it most profitable to treat women as individuals rather than groups. (c) Marriage bars returned. (d) Female participation in farming, common labor and craft work in the U.S. increased significantly.
Depreciation of the dollar refers to
A. An increase in the price of foreign currency in terms of dollars. B. A loss of foreign exchange reserves. C. A fall in the dollar price of a foreign currency. D. Intervention in international money markets.