The greater the marginal cost and the lower the marginal benefit of reducing greenhouse gases, other things constant, the cleaner the air
Indicate whether the statement is true or false
false
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When the exchange rate, E, and the foreign price level, P*, is fixed, domestic inflation depends primarily on
A) amount of aggregate demand. B) home price level set by IMF. C) current account balance. D) government tax policy. E) foreign interest rates.
What happens to consumer surplus as price falls along a given demand curve?
a. It always increases. b. It always decreases. c. It never changes. d. It increases only if price increases just a little. e. It depends on the elasticity of demand and supply.
The more society consumes today
A. the less society can consume in the future. B. the more it consumes next year. C. the more capital goods society can produce in the future. D. the less it can produce today.
When there is a shortage I. there is a tendency for price to increase. II. there is an excess quantity demanded
A) I only B) II only C) both I and II D) neither I nor II