Environmental destruction is peculiar to centrally planned economies
a. True
b. False
Indicate whether the statement is true or false
False
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Use the following graph showing the domestic demand and supply curves for a specific product in a hypothetical nation called Marketopia to answer the next question.
At what price will Marketopia be neither importing nor exporting the product?
A. $2.50 B. $1.00 C. $1.50 D. $2.00
Taxes are the only mechanism by which the federal government earns money
Indicate whether the statement is true or false
Refer to Table 4-4. Suppose that the quantity of labor demanded decreases by 40,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?
A) W = $9.50; Q = 380,000 B) W = $10.00; Q = 390,000 C) W = $8.00; Q = 350,000 D) W = $8.50; Q = 340,000
Describe the strategy of inflation targeting. Why have many countries begun to use this strategy instead of targeting money growth? What are the advantages and disadvantages of inflation targeting?
What will be an ideal response?