Robbery reduces economic efficiency by
a. creating voluntary exchanges
b. decreasing government spending
c. increasing unemployment
d. creating involuntary exchanges
e. lowering the number of potential Pareto improvements
D
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If the United States sells beef to Japan, the U.S. beef producer is paid with
A) dollars. B) yen, the Japanese currency. C) international monetary credits. D) euros, or any other third currency.
Which of the following is true regarding the relationship between returns to scale and economies of scope?
A) A firm experiencing economies of scope must also experience increasing returns to scale. B) Economies of scale and economies of scope must occur together. C) A firm experiencing increasing returns to scale must also experience economies of scope. D) There is no definite relationship between returns to scale and economies of scope.
Credit cards are included in M2
a. True b. False Indicate whether the statement is true or false
Which of the following statements is CORRECT?
a) actual aggregate expenditures does not always equal real GDP b) planned investment exceeds actual investment when real GDP is greater than aggregate planned expenditures c) actual investment exceeds planned investment when real GDP is less than aggregate planned expenditures d) none of the above is correct