As the price level rises, the interest rate
a. falls, so the supply of dollars in the market for foreign currency exchange shifts left.
b. falls, so the supply of dollars in the market for foreign currency exchange shifts right.
c. rises, so the supply of dollars in the market for foreign currency exchange shifts left.
d. rises, so the supply of dollars in the market for foreign currency exchange shifts right.
c
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Martha used to pay for her expenses with her own hard-earned money. She always tried to spend as little as she could. However, she started spending more when she received a scholarship . This behavior is an example of ________
A) moral hazard B) a pecuniary externality C) the free-rider problem D) the paradox of thrift
The table above gives the demand for a monopolist's output. What is the marginal revenue when output is increased from 2 to 3 units?
A) $18 B) $4 C) $7 D) $6
The above figure shows the Lorenz curve for wealth for the nation of Rusha. If the government were to confiscate half of the wealth from the wealthiest twenty percent of the population and give it to the poorest twenty percent, then
A) wealth distribution would be more equal. B) wealth distribution would be unchanged. C) wealth distribution would be more unequal. D) the Lorenz curve would shift rightward.
"If fines for speeding when driving increase, fewer accidents will occur" is an example of a(n)
A) positive statement. B) normative statement. C) negative statement. D) inverse statement.