The depreciation of the dollar will make U.S. goods ________ to foreigners and make imports ________ for U.S. residents.
A. more expensive; more expensive
B. cheaper; cheaper
C. more expensive; cheaper
D. cheaper; more expensive
Answer: D
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The rule of MC = MR does not apply to a monopolist
a. True b. False Indicate whether the statement is true or false
Dan, age 19, may have trouble buying insurance at a low price because
A) the insurance company has private information that he is a risky driver. B) the insurance company has private information that his signals are valid. C) insurance companies fear that he has private information that his deductible is too high. D) insurance companies fear that he has private information that he is a risky driver.
You are studying with a friend and your friend says "A budget line shows the various combinations of two goods that can be purchased with the buyer's income at current prices." Is your friend's assessment correct or not?
What will be an ideal response?
Consider the following methods of pollution reduction:
a. the government sets a target for maximum emissions b. the government mandates the installation of specific pollution abatement equipment c. the government imposes a per unit tax on the good that creates pollution d. the government gives firms a tax rebate for every unit of pollution abated Which of the above is an example of a command-and-control approach to reducing pollution? A) a only B) b only C) a and b only D) a, b, and d only E) a, b, c, and d