If Bonnie can produce either 10 hats or 20 scarves in a month, and Phil can produce either 5 hats or 10 scarves in a month then
A) Bonnie is more efficient at producing hats, compared to Phil.
B) Bonnie is more efficient at producing scarves, compared to Phil.
C) both A and B above are true.
D) none of the above is true.
D
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Throughout the world, poverty is greater among women than men, particularly women who head households
a. True b. False
Which of the following statements is true of the tax on gasoline?
a. The cost of collecting a gasoline tax outweighs the revenues raised by the tax. b. It is preferred to tolls as the best solution to road congestion. c. It discourages driving on noncongested roads, even though there is no congestion externality for these roads. d. Both b and c are correct.
In a closed economy, if Y, C, and T remained the same, a decrease in G would
a. reduce private saving and public saving. b. increase private saving but not public saving. c. increase public saving but not private saving. d. increase neither private nor public saving.
As an example of hyperinflation, one U.S. dollar was equal to _________ German marks in 1923, compared to 8.9 marks in 1919.
A. 1 trillion B. 1,000 C. 0.001 D. 1