What are the sources of external costs from automobiles?
What will be an ideal response?
External costs from automobiles arise out of the congestion they create, accidents involving third parties, and the pollution they emit.
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Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
Results of research conducted regarding the Moving to Opportunity program found that the program had little effect on opening up employment opportunities
Indicate whether the statement is true or false
International capital flows tend to strengthen the effects of interest rate changes on aggregate demand
a. True b. False Indicate whether the statement is true or false
Under a system of flexible exchange rates, an increase in demand for a nation's currency in the foreign exchange market will
a. cause the nation's currency to appreciate. b. make it more expensive for the nation to import goods. c. cause the nation's balance on current account to shift toward a surplus. d. make it less expensive for foreigners to buy the nation's goods.