What type of policy does the government adopt in dealing with government-inhibited goods?
A) It subsidizes their consumption.
B) It subsidizes their production.
C) It provides them as public goods.
D) It taxes, regulates, or prohibits their use.
Answer: D
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Which of the following is NOT true about this national income equation:
A) For the current account, CA, to improve, we may have to invest less than otherwise would be the case. B) For the current account, CA, to improve, we may have to save more to maintain the same amount of investment that includes foreign saving. C) For the current account, CA, to improve, the government may have to run budget surplus. D) A reduction in the trade deficit with one country will simply show up as an increase in a trade deficit with another country. E) None of the above.
The limited memberships and high dollar minimums for hedge funds means that these funds are
A) subject to weaker regulation than other mutual funds. B) more stringently regulated for fear of collapse. C) limited in the types of assets they can purchase. D) under the control of the U.S. Treasury.
Which of the following is NOT a condition for price discrimination to exist?
A) downward sloping demand curve faced by the firm B) identification of buyers with differing elasticities C) unpatented product or the service D) ability to prevent the resale of the product or service
When a country gains from trade:
A. everyone in that country benefits from the trade. B. the net gain of surplus is positive for that country. C. the total producer surplus increased in the country. D. the total consumer surplus increased in the country.