Bans or quotas that limit the use of common resources are straightforward public-policy approaches to solving the problem of overuse if:
A. the community agrees to aid in its enforcement.
B. countries have the resources to enforce them.
C. the community affected participates in setting the punishments for breaking the policy.
D. None of these statements is true.
B. countries have the resources to enforce them.
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Use the following graph, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product to answer the next question.
Sd + Q is the product supply curve after an import quota is imposed. The size of the import quota
A. is y?w. B. is y?v. C. is z?v. D. cannot be determined.
A decrease in the real interest rate in the United States will cause the dollar to ________ relative to other currencies and ________ net exports and real GDP
A) appreciate; increase B) appreciate; reduce C) depreciate; increase D) depreciate; reduce
Economists disagree on whether labor taxes have a small or large deadweight loss
a. True b. False Indicate whether the statement is true or false
In addition to other factors, the increased use of technology and the reduced costs of information transfer from local office to corporate headquarters have
A. reduced the need for middle managers and increased the scope of local decision-making authority. B. only increased the costs of decentralization. C. shown that technology has little impact on the centralization issue. D. significantly increased the need for centralized decision making.