Refer to the accompanying figure. In this market, equilibrium price is ________ and equilibrium quantity is ________.
A. $50; 20
B. $25; 10
C. $20; 50
D. $10; 25
Answer: B
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Identify the correct statement about net exports
a. The value of net exports increases as real domestic income increases. b. The value of net exports increases as real domestic income decreases. c. The value of net exports is dependent on the amount of government purchases. d. The value of net exports is always positive. e. The value of net exports is always negative.
Knowledge that is patented is a
a. public good, whereas knowledge that is not patented is a common resource. b. private good, whereas knowledge that is not patented is a club good. c. common resource, whereas knowledge that is not patented is a private good. d. club good, whereas knowledge that is not patented is a public good.
The amount by which the expected return on a risky asset exceeds the return on an otherwise comparable safe asset is known as the
A. term spread. B. CDS spread. C. VIX. D. risk premium.
Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.
Figure 29.1Refer to Figure 29.1. If policy makers take an action at time t4, the impact on the economy will not be at time t4 because
A. of the recognition lag. B. economic policies are ineffective. C. of the implementation lag. D. of the response lag.