The city of London imposes congestion fees on cars and trucks that drive in central London. The charge is higher Monday through Friday than on weekends. This example of
A. peak pricing.
B. positive externalities.
C. profit maximizing.
D. British socialism.
Answer: A
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American companies can borrow funds
A) only in U.S. financial markets. B) only in foreign financial markets. C) in both U.S. and foreign financial markets. D) only from the U.S. government.
In the nineteenth century, some countries were on a gold standard so that on average the money supply growth rate was close to zero and expected inflation was more or less constant. For these countries during this time period, we find that increases in actual inflation were generally associated with falling unemployment. These findings
a. are consistent with Friedman and Phelps's theories, because they argued that when inflation was higher than expected, unemployment would fall. b. are consistent with Friedman and Phelps's theories, because they argued that when prices rose unemployment would fall whether actual inflation was higher than expected or not. c. are inconsistent with Friedman and Phelps's theories, because they argued that higher inflation would increase unemployment. d. are inconsistent with Friedman and Phelps's theories, because they argued that inflation and unemployment are unrelated.
Which of the following countries was refused a second installment of its loan from the International Monetary Fund (IMF) in late 1990s for not meeting the conditions for fiscal reform as determined by the IMF?
A. The United States B. Thailand C. Russia D. Mexico
Recall the Application about how technological advances in another country may hurt the United States to answer the following question(s). In this Application, how will the United States gain when China becomes more prosperous?
A. American companies get a larger market for U.S. goods. B. we can borrow more money from them. C. they can share the costs of keeping world peace. D. we can access the new technology they develop.