The best example of a public good is
A. education.
B. national defense.
C. automobiles.
D. electricity.
Answer: B
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If both buyers and sellers expect the price of a commodity to rise in the future, it is likely that the market clearing price ________ and the equilibrium quantity ________
A) will fall, cannot be predicted B) will rise, cannot be predicted C) cannot be predicted, will fall D) cannot be predicted, will rise
Subsidies can be used to internalize positive externalities.
Answer the following statement true (T) or false (F)
According to Keynesians, if the money supply is fixed and households expand their purchases of consumer goods, the velocity of money
a. remains unchanged but the price level falls b. falls c. rises d. falls and the price level rises e. remains unchanged but the price level rises
During 2001-2011, what happened to the federal budget deficit?
What will be an ideal response?