A free lunch (the absence of a tradeoff) when the production of a good is increased is possible for the entire economy only if
A) resources are used inefficiently.
B) there is a movement along the PPF.
C) prices are decreased.
D) prices are increased.
E) less of some product is produced.
A
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If the reserve requirement were 15% percent, the value of the monetary multiplier would be
A. 5.50. B. 8.54. C. 7.32. D. 6.67.
Suppose that the nation wide average cost of air pollution generated by a car is $1,000. Would a tax of $1,000 on every car induce people to take external costs into consideration and bring about the optimal price and output for autos? Explain
What will be an ideal response?
In economic terms, interest is the payment for
A) current command over resources. B) producers' goods. C) stocks. D) both consumer and capital goods.
Structural unemployment refers to short periods of unemployment needed to match jobs and job seekers
a. True b. False Indicate whether the statement is true or false