The evidence with respect to the validity of Ricardian Equivalence ________
A) suggests that it matters little whether government debt is held by the central bank or by the public
B) clearly provides support for the argument
C) clearly refutes the argument
D) is difficult to interpret, since so many factors may affect national saving
D
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Based on the textbook application, in the United Kingdom,
a. there are no official air quality standards b. limit values are defined for some of the same pollutants covered by the U.S. NAAQS c. standards for pollutant levels are set to be equivalent to those in the United States d. none of the above
In the figure above, an increase in the supply of oil would result in a movement from
A) point a to point e. B) point a to point b. C) point a to point c. D) point a to point d.
How does the increasing use of MP3 players affect the market for compact discs?
A) The demand curve for compact discs shifts to the left. B) The supply curve for compact discs shifts to the left. C) The demand curve for compact discs shifts to the right. D) The supply curve for compact discs shifts to the right.
Differentiate between a public good and a common resource good