When a government bans prostitutions, it may do so because it considers prostitution to be a:
A. progressive good.
B. regressive good.
C. public good.
D. demerit good.
Answer; D. demerit good.
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Deliberately cutting taxes or increasing expenditures to fight an economic downturn is called ________
Fill in the blank(s) with correct word
What is the best hope for reducing environmental pollution in less-developed nations?
A) limiting international trade B) boycott of polluting nation's products C) producing the goods in advanced, economically developed nations D) free international trade that raises incomes in less-developed nations E) strong international standards for pollution control
Refer to the graph below, which shows the effect of ________ on the home economy
A) foreign inflation B) domestic inflation C) foreign deflation D) domestic recession E) foreign recession
Which of the following shifts the short-run aggregate supply curve right?
a. both an increase in the price level that is greater than expected and an increase in the expected price level. b. an increase in the price level that is greater than expected, but not an increase in the expected price level. c. an increase in the expected price level, but not an increase in the price level that is greater than expected. d. neither an increase in the price level that is greater than expected nor an increase in the expected price level.