Consider the following:
(i) Suppose the government imposes new regulations that force tire manufacturers to incur some one-time expenses for factory safety improvements. Will the new regulations raise the price of tires? Why or why not?
(ii) Suppose the government imposes new regulations that force tire manufacturers to adopt cleaner production methods that raise the production cost by $10 per tire. Will the new regulations raise the price of tires? Why or why not?
(i) Suppose the government imposes new regulations that force tire manufacturers to incur some one-time expenses for factory safety improvements. Will the new regulations raise the price of tires? Why or why not?
(ii) Suppose the government imposes new regulations that force tire manufacturers to adopt cleaner production methods that raise the production cost by $10 per tire. Will the new regulations raise the price of tires? Why or why not?
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When the U.S. dollar appreciates against a foreign currency, U.S. goods become:
A. more expensive to people abroad, and we expect net exports to decrease. B. less expensive to people abroad, and we expect net exports to increase. C. more expensive to people abroad, and we expect net exports to increase. D. less expensive to people abroad, and we expect net exports to decrease.
An increase in the price of butter is likely to cause the demand for:
A. butter to increase. B. butter to d. C. olive oil to increase. D. olive oil to decrease.
Small-denomination time deposits are
A) considered part of near money. B) included in the definition of both M1 and M2. C) the same as transaction deposits. D) included in the definition of M1, but not in M2.
The Pareto optimality concept is _____
a. equivalent to the concept of economic efficiency b. equivalent to Pareto superiority c. equivalent to utilitarianism d. equivalent to cost-benefit analysis