Which of the following leads to a deadweight loss? i. overproduction ii. underproduction iii. taxes iv. monopoly
A) ii only
B) iii and iv
C) i and ii
D) i, ii, iii, and iv
E) i, ii, and iii
D
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An increase in the dollar price of the Mexican peso (an appreciation of the peso) would cause
a. Mexico's imports to increase and exports to decline. b. Mexico's exports to increase and imports to decline. c. both Mexico's imports and exports to decline. d. both Mexico's imports and exports to rise.
Which of the following is not likely to be a government objective?
a) Increasing employment b) Increasing economic growth c) Increasing government spending d) Increasing the level of exports
According to 2014 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?
a. Black females had higher labor-force participation rates and lower unemployment rates compared to white females. b. Black females had similar labor-force participation rates and higher unemployment rates compared to white females. c. Black females had both lower labor-force participation rates and lower unemployment rates compared to white females. d. Black females had lower labor-force participation rates and higher unemployment rates compared to white females.
As the aggregate demand curve shifts rightward along a given aggregate supply curve,
a. unemployment and inflation are higher. b. unemployment and inflation are lower. c. unemployment is higher and inflation is lower. d. unemployment is lower and inflation is higher.