On the graph above, unplanned inventory investment occurs if the economy is moving from point ________ to point ________
A) D; C
B) C; B
C) B; A
D) all of the above
E) none of the above
D
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If the supply curve is more inelastic than the demand curve, then:
A. the sellers will bear a greater tax incidence than the buyers. B. the sellers will bear a smaller tax incidence than the buyers. C. the sellers will bear an equal tax incidence as the buyers. D. Any of these could be true.
A congestion toll imposed on a highway driver to force the driver to take into account the increase in travel time she imposes on all other drivers is an example of internalizing the externality
a. True b. False Indicate whether the statement is true or false
In which of the following ways is a monopolistically competitive firm like a perfectly competitive firm?
A. Short-run economic profits are always positive. B. Long-run economic profits are negative. C. Long-run economic profits are positive. D. Long-run economic profits are equal to zero.
An international agency uses the prices of iPads in different countries to compute the exchange rate between the currencies of these countries. Which of the following measures is based on a similar idea?
A) The midcap index B) The Human Development Index C) The Big Mac Index D) The GDP deflator