Economists believe that the optimal level of pollution is zero
a. True
b. False
Indicate whether the statement is true or false
False
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As a result of an increase in the enforcement of illegal immigration laws, the demand for labor will ________, the supply of labor will ________, and the real wage will ________
A) remain the same; decrease; increase B) decrease; increase; remain the same C) increase; decrease; remain the same D) remain the same; increase; decrease
One difficulty in achieving international coordination is that
A) central banks often must compromise for the good of both nations. B) one nation is always made worse off. C) monetary union is required. D) sterilization is often politically unpopular.
A normative economist might conclude that
a. a lottery can be conducted in several ways b. certain types of lotteries raise millions of dollars c. a lottery is a bad policy because it burdens the poor d. a lottery is good because it separates people from their money
In the market for loanable funds an increase in the government budget deficit will
A. decrease the market rate of interest. B. increase the market rate of interest. C. increase the supply of loanable funds. D. have no effect over the market rate of interest.