Which of the following would be considered special interest group?
a. National Rifle Association
b. Greenpeace
c. the U.S. sugar industry
d. all of the above
d
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Which of the following happens when a Pigouvian subsidy is provided?
A) The marginal social cost curve shifts upward. B) The marginal private cost curve shifts downward. C) The marginal social benefit curve shifts downward. D) The marginal private benefit curve shifts upward.
The creation of new bank reserves could lead to a multiple increase in the money supply
a. True b. False Indicate whether the statement is true or false
The law of comparative advantage indicates that if a group of individuals wants to maximize their joint output, then each good should be supplied by
What will be an ideal response?
It costs a computer manufacturer $1,000 to produce a personal computer. This manufacturer sells these computers abroad for $600. This is an example of
A. a negative tariff. B. export subsidy. C. a trade-related economy of scale. D. dumping.