If Country A's has an overall balance surplus, then the:
a. Central bank must not be intervening in the foreign exchange market.
b. Government has to be running a budget deficit.
c. Effect is to cause the monetary base to rise.
d. Effect is to cause the monetary base to fall.
e. Financial account must be in deficit.
.C
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The economic behavior of government is constrained by
a. limited budgets b. the absence of prices on most government output c. moral philosophy of the community d. low voter participation rates e. political self interest
If we sum the private marginal cost curves of firms producing nuclear power, we create the
a. industry supply curve for nuclear power b. market equilibrium for nuclear power c. total value of the negative externalities generated by nuclear power d. optimal allocation of resources associated with nuclear power e. marginal externality cost curve for nuclear power
Optimal price regulation sets price equal to
A) marginal cost. B) average variable cost. C) average cost. D) minimum average cost.
Property income generally takes the form of all of the following except
A. profits. B. interest. C. dividends. D. transfer payments.