Capital flight shifts the NCO curve to the left
a. True
b. False
Indicate whether the statement is true or false
False
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Speculators in the financial market are:
A. debated by some as to whether they contribute to the financial system's success. B. seen by most as necessary for the health of the financial system. C. largely thought to be detrimental to the overall health of the financial system. D. illegal, and often work in the "grey" markets despite this.
At the equilibrium price, the quantity that buyers want to buy exactly equals the quantity that sellers want to sell
a. True b. False Indicate whether the statement is true or false
Suppose a tax of $5 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 200 units to 100 units. The tax decreases consumer surplus by $450 and decreases producer surplus by $300 . The deadweight loss from the tax is
a. $250. b. $500. c. $750. d. $1,000.
If people have identical tastes, then the economic rent created by a common property is
a. zero. b. as large as possible. c. positive, but not as large as possible. d. negative.