Other things remaining constant, higher trade deficits in the U.S. will lead to:
a. U.S citizens buying greater foreign securities
b. an increase in domestic savings in the U.S.
c. a decrease in the demand for U.S. dollars.
d. an increase in funds from abroad.
e. an increase in the standard of living of the U.S residents.
d
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Imposing trade barriers does all of the following except
A) lowers incomes. B) invites retaliation from foreign governments. C) lowers domestic prices. D) reduces economic efficiency.
Although he is very poor, Al plays the million-dollar lottery everyday because he is certain that one day he will win. Al makes this calculation based upon
A) the frequency of past outcomes. B) subjective probability. C) knowledge of all possible outcomes. D) tossing a coin.
The adverse selection problem in health care occurs because people who are healthier are less likely to buy health insurance because they are less likely to need it.
Answer the following statement true (T) or false (F)
The price of Y is $10.According to the above figure, if the price of X is $5, what combination of X and Y will a utility-maximizing consumer choose?
A. 120X, 250Y B. 200X, 620Y C. 80X, 20Y D. 120X, 620Y E. none of the above