An expansionary monetary policy tends to ___ the U.S. dollar relative to foreign currencies and to ____ our balance of trade.
A. raise; help
B. raise; hurt
C. lower; help
D. lower; hurt
C. lower; help
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The primary difference between private goods and public goods is that
A. private goods are consumed by private individuals whereas public goods are not consumed by private individuals. B. private goods often yield externalities but public goods do not. C. property rights can be assigned to public goods but not to private goods. D. public goods are nonrivalrous in consumption whereas private goods are rivalrous in consumption.
Which of the following factors might make capital mobility less than perfect?
a. Risks due to exchange rate changes b. Differential risk on the assets of different countries c. Technological progress, which improves the quality of information on foreign assets d. both a and b. e. All of the above
The Wacky Widget company has total fixed costs of $100,000 per year. The firm's average variable cost is $10 for 10,000 widgets. At that level of output, the firm's average total costs equal
a. $10 b. $15 c. $20 d. $25
Which of the following is an accurate statement concerning rent controls?
a. Decreases in rent are allowed, but not increases. b. Rents often fluctuate during the tenure of an occupant. c. Rents are fixed even though cost of living might increase. d. Small annual increases are allowed because of cost of living.