A switch to marketable pollution permits will decrease abatement costs because high-cost firms do most of the abating.
Answer the following statement true (T) or false (F)
False
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Which of the following is NOT a direct determining factor of consumers' purchase decisions?
A) Consumers' tastes and preferences B) Market price of the finished goods C) Cost of factor inputs D) Consumers' income
The idea that saving equals investment in the Solow model means that a steady state can be reached only when
A) s = k. B) s = n + d. C) sf(k) = (s + d)k. D) sf(k) = (n + d)k.
In the open-economy Keynesian model, it always has to be true that
a. planned savings equals planned investment. b. planned savings is greater than planned investment. c. planned savings is less than planned investment. d. none of the above.
Suppose there are two countries (country A and country B) each with its own currency (Currency A and Currency B). Suppose the exchange rate is expressed in terms of amount of Currency B needed to get Currency A. A weakening of Currency A would show up as
A. a decrease in the exchange rate. B. an increase in the exchange rate. C. a decrease in the interest rate. D. an increase in the interest rate.