Refer to the above figure. The monopsonistic exploitation is
A) W2 - W5.
B) W1 - W5.
C) W2 - W4.
D) W2 - W3.
A
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A manufacturer of a sugar substitute has launched a campaign against the consumption of sugar. This is an example of ________
A) indoctrination B) backward induction C) anchoring D) sniping
Assume that emissions from electric utilities contribute to pollution in the form of acid rain. Which of the following describes how this affects the market for electricity?
A) The equilibrium in the market is not efficient; consumer surplus is equal to producer surplus. B) The equilibrium in the market is not efficient; because of the cost of the acid rain, economic efficiency would be greater if more electricity were produced. C) A deadweight loss occurs; at equilibrium the additional social cost of production is greater than the additional benefit to consumers. D) The equilibrium in the market is not efficient; the marginal benefit from electricity is greater than the marginal social cost.
The balance on Merchandise Trade is found by looking at the
A) current accounts B) capital accounts C) financial accounts D) Official Settlements Balance
Which of the following increases the possibility of depreciation of the domestic currency in the foreign exchange market?
a. An increase in the demand for domestic goods in the foreign market b. A decrease in total imports made by the domestic country c. A decrease in the interest rates in the domestic country d. An increase in the short-term foreign investments e. An increase in domestic production of import substitutes