If all unwelcome or harmful activities were eliminated,
a. the benefits from eliminating these activities would exceed the cost of eliminating them
b. there would be no remaining potential Pareto improvements
c. society would be more efficient
d. society would be less efficient
e. the result would be Pareto efficient
D
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The Latin phrase ceteris paribus means that when a relationship between two variables is being studied
A) neither of those two variables is allowed to change. B) both are treated as unpredictable. C) we recognize that some factors are unknown. D) all other variables are held fixed.
Which of the goals pursued by policymakers in an open economy is desirable because it reduces the uncertainty of conducting economic activity across borders?
A) exchange-rate stability B) monetary policy independence C) free capital flows D) appreciation of the domestic currency
Use the aggregate expenditures model and the following values to answer the next question.AMPCIGT$9000.9$2,500$2,500$1,000Determine equilibrium consumption for this economy.
A. $45,000 B. $44,100 C. $50,000 D. $45,900
Under what conditions can sellers engage in price discrimination?
What will be an ideal response?