Quotas are most often supported by
A) foreign producers.
B) foreign consumers.
C) domestic consumers.
D) domestic producers.
D
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If the cross elasticity of demand for good A with respect to good B is +2.7, then good A is
A. an inferior good. B. a normal good. C. a substitute for good B. D. a complement to good B.
Which of the following countries has the longest life expectancy for both men and women?
a. Japan. b. Germany. c. Canada. d. Great Britain. e. theUnited States.
Answer the following statement(s) true (T) or false (F)
1. Chemical use is associated with a production externality. 2. In the presence of a negative consumption externality, the MSB lies below the MPB. 3. To internalize the consumption externality of pesticide use, a product charge can be implemented as a unit tax. 4. If a unit tax is used to internalize the consumption externality of chemical use, it achieves efficiency if it is set equal to the MSB at the efficient output level.
If real salaries decrease but nominal salaries do not, this means that:
A. the purchasing power of money has increased. B. prices have not changed. C. prices have risen. D. prices have fallen.