Social costs is equal to the sum of
A. internal and implicit costs.
B. internal and production costs.
C. internal and private costs.
D. internal and external costs.
Answer: D
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If the government collects taxes to pay for expenditures of an equal amount, bank reserves
A) are unaffected. B) rise by an equal amount. C) rise by a multiple amount. D) fall by an equal amount.
Which of the following happens if supply decreases and demand increases, but the relative size of the shifts is unknown?
a. Price rises; quantity becomes indeterminate. b. Price becomes indeterminate; quantity rises. c. Price falls; quantity rises. d. Price rises; quantity falls.
Aggregate supply is represented as a schedule or curve showing the relationship between the.... (2)
What will be an ideal response?
If investors showed less of a preference for investing in war-related companies, then it would be expected that the stock prices for those companies would:
A. Increase, and the rates of return would decrease relative to other companies B. Decrease, and the rates of return would increase relative to other companies C. Decrease, but the rates of return would stay the same relative to other companies D. Decrease, and the rates of return would decrease relative to other companies