Under the gold standard, a country experiencing a gold outflow
a. has a balance of payments surplus.
b. had an increasing money supply.
c. experienced a decline in output.
d. experienced an increase in output.
c. experienced a decline in output.
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Daphne actually values her home at $250,000 but claims she values the home at $300,000. In an eminent domain situation, the government would pay Daphne ________ for her home
A) $250,000 B) $275,000 C) $300,000 D) the fair market value
When marginal private cost is equal to marginal social cost,
A. the activity in question generates no positive externality. B. the activity in question generates no negative externality. C. all positive externalities have been internalized. D. all negative externalities have been internalized. E. b or d
The key interest rate in the Eurocurrency market is the
A) London interbank offer rate. B) Eurobank spread rate. C) Prime rate. D) C.D. rate.
An exterior painting company is contemplating buying a bigger truck and ladder. This is a
a. bad decision because average costs will be higher b. good decision because average costs will be lower c. long-run decision d. short-run decision e. bad decision because more fuel will be needed