If the government taxes a coal company by an amount equal to the damages of each marginal ton of coal, then the coal company's marginal social cost curve is the same as the marginal ________ curve.
A. private cost
B. benefit
C. cost
D. damage cost
Answer: C
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“Circuit breaker” rules halt trading when the Dow declines below its previous day’s closing value by a percentage amount for
A. one hour. B. two hours. C. the remainder of the trading day. D. All three of these periods.
In equilibrium the typical investor __________
a. prefers high risk assets to low risk assets b. prefers low risk assets to high risk assets c. is indifferent between buying low and high risk assets d. does not stay in the market
Which of the following is the closest example of structural unemployment?
a. An accountant quitting her job to become an investment banker b. An auto worker being fired for poor job performance c. Workers in a firm manufacturing films for roll film cameras losing jobs due to the popularity of digital cameras d. A consultant being laid off because poor economic conditions have depressed the market for consultants e. A college graduate seeking his/her first job in the IT industry
According to the Keynesian cross model, equilibrium occurs where: a. the 45-degree line intersects the aggregate expenditure line
b. the potential GDP line intersects the aggregate expenditure line. c. the 45-degree line intersects the potential GDP line. d. the potential GDP line intersects the nominal GDP line.