In the market for international loans, most countries, including the United States, are net borrowers
Indicate whether the statement is true or false
TRUE
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New England Company plans to build a power plant on the Charles River. By using river water to cool its plant, the river's water temperature will rise enough that trout will no longer survive, much to the dismay of local fishers. The loss of value to the fishers is estimated as $100,000. The transactions costs of a side payment from either side to the other are prohibitive of any agreement. Therefore, if the property right to the water is worth
a. more than $100,000 to New England Company, who gets the right would not matter. b. more than $100,000 to New England Company, efficiency dictates giving the right to the fishers. c. more that $100,000 to New England Company, efficiency dictates giving the right to New England Company. d. less than $100,000 to New England Company, efficiency dictates giving the right to New England Company.
Arthur Bach is worth $780 million dollars. He goes into an upscale men's store and buys 32 green sweaters, each costing $200 . If Arthur has maximized his utility from this purchase, what is the marginal utility of the thirty-third green sweater?
a. cannot tell b. greater than $200 c. less than $200 d. 0 e. $200
Studies have shown that when people are asked to imagine a hypothetical illness, the amount of money they say they would be willing to pay to avoid getting the illness is ________ they would be willing to pay for a cure if they were already sick.
A. more than B. the same as C. unrelated to the amount D. less than
If the rate of inflation is 7 percent per year, then the price level will double in 14 years.
Answer the following statement true (T) or false (F)