Suppose the number of Euros per U.S. dollar is 1.5, the aggregate price level in Europe is 100, and the real exchange rate between the two countries is 1 . The aggregate price level in the United States is _____
a. 66.67
b. 75.57
c. 50.58
d. 60.68
a
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Which of the following is true? In the above figure, if the market is
A) a monopoly, output will be Q1 and price will be P3. B) a monopoly, output will be Q3 and price will be P3. C) perfect competition, output will be Q2 and price will be P2. D) perfect competition, output will be Q1 and price will be P1. E) perfect competition, output will be Q3 and price will be P3.
Suppose the Environmental Protection Administration (EPA) proposes a change in automobile exhaust systems that reduces the amount of greenhouse gases (GHGs) emitted into the atmosphere, and they estimate that the net present value (NPV) of this
policy change is worth $3 trillion dollars. To form this estimate, the EPA staff members assumed a particular social discount rate and a particular stock dissipation rate for GHGs. What happens to the NPV of this proposed policy if the staff members use a smaller stock dissipation rate? A) NPV increases B) NPV declines C) NPV remains unchanged D) We do not have enough information to answer this question
Which of the following has made the largest contribution to the growth of labour productivity in Canada?
A) improved resource allocation B) education and training of labour C)Economies of scale D)technological advance
According to its advocates, what are four advantages product differentiation and advertising provide to consumers?
What will be an ideal response?