________ the quantity of money in the United States
A) The President of the United States regulates
B) Commercial banks regulate
C) The Federal Reserve System regulates
D) The Department of Treasury regulates
E) The State Department regulates
C
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If a country's international reserves are increasing, then its exchange rate is ________ and there is a balance-of-payments ________.
A. undervalued; surplus B. overvalued; surplus C. overvalued; deficit D. undervalued; deficit
An increase in the wage rate will cause the demand for labor curve to shift rightward
a. True b. False Indicate whether the statement is true or false
Which of the following is a difference between a corrective tax and a corrective subsidy?
a. A corrective tax leads a market to allocative efficiency, while a corrective subsidy does not lead to allocative efficiency. b. A corrective tax eliminates deadweight loss, while a corrective subsidy does not eliminate deadweight loss. c. A corrective tax is useful in the case of negative externalities, while a corrective subsidy is useful in the case of positive externalities. d. A corrective tax operates by decreasing the private cost of production, while a corrective subsidy operates by decreasing the private benefit of consumption.
An internationally discriminating monopolist will maximize its profits if it sets quantity where:
a. MC = P in the home market and MC = MR in the foreign market. b. MC = MR in the home market and MC = P in the foreign market. c. MC = P in both the home and foreign markets. d. MC = MR in both the home and foreign markets.