According to the 2009 hamburger standard, the country with the most overvalued currency relative to the United States dollar was
A. China.
B. Norway.
C. Australia.
D. Japan.
B. Norway.
You might also like to view...
Suppose that the price of macaroni rises. Quantity supplied will ________ and producer surplus will ________.
A. increase; increase B. increase; decrease C. decrease; increase D. decrease; decrease
Suppose that you decide that you no longer want to hold currency, and deposit all of your currency holdings to your checking account. What is the immediate or initial impact of this transaction on M1 and M2?
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
1.Whether or not people have identical tastes, the marginal entrant is indifferent about using a common property. 2. Whether or not people have identical tastes, a commonly owned property creates no social value. 3. Whether or not people have identical tastes, free entry to a common property leads to a suboptimal outcome. 4. The problem with splitting checks is that no one orders as much as they truly want to eat in order to keep the total bill low. 5. A market failure occurs when the government steps in and failingly attempts to alleviate the tragedy of the commons.
____ occurs whenever a third party receives or bears costs arising from an economic transaction in which the individual (or group) is not a direct participant
a. Pecuniary benefits and costs b. Externalities c. Intangibles d. Monopoly costs and benefits e. none of the above