If the production of oranges reduces global warming, then the equilibrium quantity of oranges will be ________ the socially optimal quantity.
A. higher than
B. equal to
C. more valuable than
D. lower than
Answer: D
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The economic systems of the former Soviet Union, the People's Republic of China, and Cuba are best classified as:
a. traditional economies. b. command economies. c. market economies. d. decentralized economies.
Macroeconomists are concerned with each of the following issues EXCEPT:
A. Why do the prices of computers increase more slowly than the price of gasoline? B. What are the costs of inflation? C. Why does inflation vary over time? D. Why does inflation vary across countries?
Research has shown that voters are more likely to turn out in elections with ________ electorates and when the election is likely to be ________.
A. large; not very competitive B. small; not very competitive C. small; very competitive D. large; very competitive
The larger the MPC, the greater the multiplier effect.
a. true b. false