Which price structure would tend to most effectively promote water conservation?
a. Uniform block structure
b. Constant price structure
c. Increasing block structure
d. Decreasing block structure
e. Marginal price structure
Ans: c. Increasing block structure
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When there is no Ricardo-Barro effect, a government budget surplus ________ the real interest rate because the ________ loanable funds increases
A) lowers; supply of B) lowers; demand for C) raises; supply of D) raises; demand for E) None of the above answers is correct because the real interest rate does not change.
The higher the transactions costs, the easier it is to negotiate an agreement involving negative externalities
Indicate whether the statement is true or false
Changes in expectations about future price levels:
A. affect only the short-run aggregate supply curve. B. affect only the long-run aggregate supply curve. C. affect both the long-run aggregate supply curve and the short-run aggregate supply curve. D. do not affect either the long-run aggregate supply or the short-run aggregate supply curve.
In 2009, a nation reported total imports worth $250,000 and total exports worth $225,000 . This implies the nation had net exports worth $25,000 during this year
a. True b. False Indicate whether the statement is true or false