In the model of monopolistic competition, an increase in industry output will ________ producers of ________ higher-priced goods and ________ producers of lower-priced goods
A) harm; benefit
B) benefit; harm
C) harm; harm
D) benefit; benefit
E) benefit; have no effect on
A
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If insurance companies knew how risk-averse their customers were:
A. adverse selection would not occur. B. diversification would not occur. C. policies would be perfectly diversified, resulting in lower premiums for everyone. D. risk pooling would not occur.
A $300 billion increase in government spending increases Real GDP by $1,800 billion. Assuming a constant price level, what does the government spending multiplier equal?
A) 0.17 B) 120 C) 6 D) 60 E) ?0.83
We will definitely go bankrupt if we don't
A. refinance the national debt as the Treasury bills, notes, and bonds fall due. B. pay off the national debt within the next 20 years. C. reduce the size of the national debt. D. balance the budget.
Which of the following nations is not a member of the eurozone?
A. Italy. B. Spain. C. Germany. D. The United Kingdom.