The _________________ the opportunity cost of bad behavior, the _________________ likely one is to exhibit bad behavior
A) higher; less
B) lower; more
C) higher; more
D) lower; less
E) a and b
E
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For a firm facing a downward sloping demand curve, marginal revenue
A) is at a minimum at the midpoint of the demand curve. B) is greater at higher prices than at lower prices. C) increases each time prices are lowered. D) falls each time prices are raised.
If the SRAS curve intersects the AD curve to the left of Natural Real GDP, the economy is
A) in a recessionary gap. B) at Natural Real GDP. C) in an inflationary gap. D) at full-employment Real GDP.
A decrease in U.S. interest rates leads to
a. a depreciation of the dollar that leads to greater net exports. b. a depreciation of the dollar that leads to smaller net exports. c. an appreciation of the dollar that leads to greater net exports. d. an appreciation of the dollar that leads to smaller net exports.
Which of the following would NOT be an impact of tariffs imposed on foreign cars?
A. Sales of foreign cars decline B. Domestic car prices decline C. American jobs are protected D. Tax revenue is generated for the government