In 2008, several of the world's central bank actively worked together to push down global interest rates. This is an example of
A) international policy coordination.
B) international policy cooperation.
C) international policy externalities.
D) structural interdependence.
A
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The sum of the marginal private benefit and the marginal external benefit derived from eco-tourism in British Columbia is called the
A) total private benefit. B) net gain. C) total external benefit. D) marginal social benefit. E) total Coase benefit.
Which of the following is an economic policy that promotes the efficient quantity of apartments?
A) a rent floor above the equilibrium rent B) a rent ceiling below the equilibrium rent C) a sales tax imposed on renting an apartment D) none of the above
All of these events will cause an increase (shift to the right) in the supply of real loanable funds EXCEPT:
a. An increase in the monetary base. b. A higher real risk-free interest rate. c. An increase in the nation's real income. d. All of the above shift the supply.
Which of the following is a characteristic of a corporation but not of a small family-owned business?
a. The corporation buys inputs in markets for the factors of production. b. The corporation sells output in markets for goods and services. c. The corporation is guided in its decisions by the objective of profit maximization. d. The corporation faces a principal-agent problem created by the separation of ownership and control.