If the demand for tacos increases,
a. the supply of corn increases
b. the supply of corn decreases
c. the demand for corn increases
d. the demand for corn decreases
e. the price of corn falls
C
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Answer the following statement(s) true (T) or false (F)
1. Environmental pollution can be characterized as a market failure that distorts the classical market outcome. 2. If we define the relevant market as “environmental quality,” then the market failure is due to the presence of a negative externality. 3. If market is defined as a good or service whose production or consumption generates environmental damage, then the market failure is due to a negative externality. 4. A public good is characterized as possessing either nonrivalry in consumption or nonexcludable benefits. 5. Nonrivalness means that one person’s consumption does not preclude that of another.
An appreciating currency is always a sign of economic health
a. True b. False
Which statement is accurate concerning the early history of globalization around the time of WWI?
a. In the decades before the war, international trade decreased steadily due to the colonial system. b. In the years after the war, rebuilding international trade was hampered most by the Nazi invasion of Europe. c. After the war, Great Britain's position was so strengthened that it could convince others to lower trade barriers. d. During the war, many trading relationships were destroyed, as trading partners became military adversaries.
Refer to Table 9-3. If the required reserve ratio is 10%, what is the maximum amount of new loans that Alpha-Beta can create?
A) $25 million B) $40 million C) $60 million D) $75 million