The purchase of an airplane produced in the United States by the government of Thailand is included in
A) U.S. imports.
B) U.S. government purchases.
C) U.S. exports.
D) Thailand government exports.
C
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Toll roads force people to pay to drive on that road. This is a solution to
A. externalities. B. opportunity costs. C. free riders. D. negative incentives.
The Ricardo-Barro effect refers to how ________ in response to a government budget ________
A) investment demand changes; deficit B) investment demand and saving supply change; surplus C) investment demand changes; surplus D) saving supply changes; deficit E) government budget changes; surplus or deficit
Federal funds rate targets and reserve targets are incompatible when the Federal Reserve wants to
A) expand reserves and lower interest rates. B) expand reserves and raise interest rates. C) contract reserves and the money supply. D) contract reserves and raise interest rates.
Compared to the perfectly competitive outcome, monopolistically competitive markets will result in:
a. a wider variety of products and higher prices. b. less product variety and higher prices. c. a wider variety of products and lower prices. d. less product variety and lower prices.