As a result of contractionary monetary policy
A) interest rates fall, the dollar depreciates, and domestic goods become cheaper, thereby reducing net exports.
B) interest rates rise, the dollar appreciates, and domestic goods become more expensive, thereby reducing net exports.
C) interest rates rise, the dollar appreciates, and domestic goods become cheaper, thereby reducing net exports.
D) interest rates rise, the dollar appreciates, and domestic goods become cheaper, thereby increasing net exports.
B
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In a prisoners' dilemma game, in the Nash equilibrium
A) neither player gets his or her best outcome. B) both players get their best outcome. C) one player gets his or her best outcome and the other player does not. D) collusion would not alter the outcome. E) Either answer A or C might be correct depending on whether the players communicate with each other or do not communicate with each other.
When government levies pollution taxes on sellers to eliminate the inefficiency from the cost of pollution, the result is
A) a lower price. B) a smaller quantity produced. C) a smaller cost of production. D) a rightward shift of the supply curve. E) leftward shifts of the supply and demand curves.
Which of the following is NOT a level of management according to Henri Fayol?
a. planning b. organization c. commanding d. all of the above are levels of management
For economists, ____________ goods include all manufactured aids used in producing consumer goods and services.
Fill in the blank(s) with the appropriate word(s).