In the figure above, the allocatively efficient output of computers is
A) 2 million per year.
B) 3 million per year.
C) 4 million per year.
D) the largest amount possible.
B
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Suppose a record company produces both swing and rhythm & blues music. An increase in the market demand for swing music therefore tends to
A) increase the demand for rhythm & blues music. B) increase the cost of producing rhythm & blues music. C) decrease the cost of producing rhythm & blues music. D) leave the cost of producing swing music unchanged.
Managed float means
a. a fixed exchange rate system with regularly scheduled periodic devaluations b. a freely floating exchange rate system c. a hybrid of freely floating exchange rates with occasional intervention by central banks d. a fixed exchange rate system managed by the European Community e. a flexible exchange rate system managed entirely by the IMF
Discuss the differences between Keynesian and supply-side fiscal policies
Which U.S. government agency determines the magnitude of antidumping duties?
a. the U.S. International Trade Commission b. the Office of the Special Trade Representative c. the International Monetary Fund d. the Department of Commerce