Economists mostly agree that the problem of climate change necessitates government action in the form of market-based incentives such as
What will be an ideal response?
a carbon tax or a cap and trade system
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Which of the following statements is CORRECT?
A) A change in the quantity demanded means a shift in the demand curve. B) A change in demand means a movement along the demand curve. C) A change in demand and change in quantity demanded means the same thing. D) A change in demand means a shift in the demand curve while change in the quantity demanded means a movement along the demand curve.
Explain why the shape of the demand curve will determine the how a shock to the market equilibrium affect price and quantity
What will be an ideal response?
The speculative demand for holding money is when people hold money:
a. instead of near money. b. to transact purchases they expect to make. c. as insurance against unexpected needs. d. to speculate in the stock market. e. to take advantage of changes in interest rates.
If merchandise imports are greater than merchandise exports, the nation is experiencing a
a. negative balance on current account b. merchandise trade deficit c. capital account imbalance d. favorable balance of trade e. growth in foreign reserves