The distinction between public health problems and private health problems becomes blurred when _____
a. externalities are positive
b. preferences are quasi-linear
c. health insurance is unavailable
d. health care spending is from public coffers
d
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Suppose a country's net exports equal zero. Which of the following will happen if the volume of imports increases without an increase in the volume of exports?
A) The country will experience a budget surplus. B) The country will experience a budget deficit. C) The country will experience a trade surplus. D) The country will experience a trade deficit.
Energy Star is a voluntary labeling program designed to identify and promote energy-efficient products to reduce greenhouse-gas emissions. This is an example of a ________ to solve an externality
A) Coasian approach B) Pigouvian approach C) command and control mechanism D) social enforcement mechanism
Although the Fed professed employment of ________ targeting during the 1970s, its behavior suggests that it emphasized ________ targeting
A) free-reserve; interest-rate B) interest-rate; monetary aggregate C) monetary aggregate; interest-rate D) free reserve; monetary aggregate
The most common type of tariff is the export tariff.
a. true b. false