Which part of the following equation represents open economy effects?
AE ? C + I + G + (X – M)
a. C
b. I
c. G
d. (X – M)
d. (X – M)
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The risk premium is negative when tastes are risk averse.
Answer the following statement true (T) or false (F)
Homogeneous oligopoly exists where a small number of firms are:
A. producing virtually identical products. B. setting price and output independently. C. setting price and output collusively. D. producing differentiated products.
Refer to above figure in which negative externality existed. The government imposes a $1.00 pollution tax on the producer. Supply shifts leftward.
A. This tax will be borne entirely by the producer. B. The amount of the tax shifted to the consumer depends on the consumer's elasticity of the demand curve. C. This tax will be shifted entirely to the consumer. D. The tax will be divided into equal amounts between consumer and producer.
Which of the following would help reduce the future burden of the U.S. Public Debt?
A) worldwide demand for buying and holding U.S. debt decreases B) the Fed creates enough new currency to buy all of it back C) the eligibility for and size of Social Security benefits is reduced D) the working age population decreases