Poverty rates among the elderly have risen in the past few decades.
Answer the following statement true (T) or false (F)
False
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Market-based policies are effective methods that the government can use to address externality problems.
Answer the following statement true (T) or false (F)
Figure 11-7
The firm in Figure 11-7 is an unregulated monopolist; it will produce which of the following?
A. 175 units at a price of 7 B. 100 units at a price of 6 C. 100 units at a price of 9 D. 150 units at a price of about 7.5
If a government increases its budget deficit, then interest rates
a. rise and the real exchange rate appreciates. b. fall and the real exchange rate depreciates. c. rise and the real exchange rate depreciates. d. fall and the real exchange rate appreciates.
Suppose you have money income of $10, all of which you spend on Coke and popcorn. In the diagram, the prices of Coke and popcorn respectively are:
A. $.50 and $1.00.
B. $1.00 and $.50.
C. $1.00 and $2.00.
D. $.40 and $.50.