Pollution reduction policies are likely to lead to:
a. higher product prices
b. lower product prices.
c. unchanged product prices.
d. indeterminate changes in product prices.
a
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When the deficit increases under the concept of Ricardian Equivalence, what happens to savings in the private sector?
A) savers hedge on purchases B) nothing C) savings decrease D) savings increase
If a small percentage decrease in the price of chocolate causes a larger percentage decrease in the quantity supplied, the
A) demand for chocolate is elastic. B) demand for chocolate is inelastic. C) supply of chocolate is elastic. D) supply of chocolate is inelastic.
If a country has a fixed exchange rate
A) central banks must buy and sell their holdings of currencies to maintain a given exchange rate. B) central banks have more control over real GDP in the economy. C) the exchange rate is allowed to fluctuate in response to changes in the supply and demand for currency. D) the equilibrium exchange rate in that market does not respond to changes in supply and demand for currency.
By law, employers in the United States may not ask prospective female employees whether they plan to have babies. The existence of this law seems most likely to
a. increase the probability that firms will practice economic discrimination against women. b. decrease the probability that firms will practice economic discrimination against women. c. increase the probability that firms will practice statistical discrimination against women. d. decrease the probability that firms will practice statistical discrimination against women.