Market discouraging actions, like taxation, can help bring efficiency to markets where externalities are present.
Indicate whether the statement is true or false.
Answer: True.
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Critically evaluate the statement "Honolulu is an expensive place to live. Therefore the inflation rate must be high in Honolulu."
What will be an ideal response?
If the exchange rate of the English pound goes from $1.50 to $2.00, the pound has
a. appreciated, and the English will find U.S. goods cheaper. b. appreciated, and the English will find U.S. goods more expensive. c. depreciated, and the English will find U.S. goods cheaper. d. depreciated, and the English will find U.S. goods more expensive.
The MC curve intersects the AVC and ATC curves at their minimum points
A. none of the time. B. some of the time. C. most of the time. D. all of the time.
The balance on the current account ____
a. d and e b. c and d c. will show a trade deficit or surplus, if one exists d. must always be zero e. multiplied by ?1 becomes the capital account