The recognition that _____ plays a profound role in many developing nations has led to more attention to this factor when choosing an exchange rate regime.
A) poverty
B) illiteracy
C) currency mismatch due to liability dollarization
D) government corruption
Ans: C) currency mismatch due to liability dollarization
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Which of the following is an example of a negative externality?
A) There is an increase in injuries to pedestrians caused by accidents resulting from electronic billboards distracting drivers. B) The opening of a new shopping mall increases the business of nearby restaurants. C) A consumer pays a higher price than another consumer does for the same product. D) Consumers pay a sales tax in addition to the price of a product.
Consumers may benefit more than sellers from a subsidy to sellers if:
A. they deserve the subsidy more. B. the demand curve is relatively more elastic than the supply curve. C. the demand curve is relatively less elastic than the supply curve. D. Consumers can never benefit more than sellers from a subsidy to sellers.
The economic rent analysis does not apply to any factor
A. except land. B. whose supply curve is vertical. C. whose supply curve is horizontal. D. whose quantity supplied is fixed.
Extremely high rates of inflation such as that experienced by Nicaragua in the 1980s are described as
A. deflation. B. hyperinflation. C. disinflation. D. inflation.