Almost all of the immigrants into the United States are uneducated.
Answer the following statement true (T) or false (F)
False
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Macroeconomic equilibrium occurs when:
a. Expected supply equals expected demand. b. Expected leakages equal actual injections. c. Actual leakages equal expected injections. d. Actual supply equals actual demand and actual leakages equal actual injections. e. Expected amount supplied equals expected amount demanded, which means expected leakages equal expected injections.
The supply of bonds curve slopes upwards because
A) at higher prices, bonds pay higher interest which makes them more attractive to suppliers. B) lower prices raises the cost of borrowing which makes them less attractive to suppliers. C) at lower prices, bonds pay higher interest which makes them more attractive to suppliers. D) higher prices raise the cost of borrowing which makes them less attractive to suppliers.
The fight over export policy usually focuses on artificial export limits rather than artificial promotion of exports.
Answer the following statement true (T) or false (F)
If a policymaker wants to raise revenue by taxing goods while minimizing the deadweight losses, he should look for goods with ________ elasticities of demand and ________ elasticities of supply.
a. small, small b. small, large c. large, large d. large, small