A small increase in productivity growth can have a huge impact on a country's standard of living
a. True
b. False
Indicate whether the statement is true or false
True
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The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. What is the deadweight loss?
A) $10,000 B) $20,000 C) $30,000 D) $40,000
Behavior of investors who simply follow the market is
a. contagion b. herding c. hedging d. pegging e. none of the above
The above figure shows the market for steel ingots. The socially optimal quantity of steel is
A) 0 units. B) 50 units. C) 100 units. D) produced if the market were competitive.
If interest rates increase, what will happen to the demand for reserves?
A. It will shift outward. B. It will shift inward. C. Nothing, the economy will move to a new quantity demanded. D. It depends on what happens to prices.