The United States can benefit from voluntary trade
a. only with nations that can produce goods the United States cannot produce.
b. only with developing nations
c. only with nations in Europe.
d. with any nation.
d
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When determining her accounting profit, an entrepreneur would include
A) her foregone wages. B) her foregone interest. C) her foregone rent. D) all of the above. E) none of the above.
There are two states of the world. The person receives $100 in state one which occurs with probability 0.6. If the person is rational and their expected return is $80, then in state two the person must receive
a. $20 b. $25 c. $50 d. $100
If there is an increase in foreign financial investment in the United States as the result of large U.S. budget deficits and attractive interest yields,
a. fiscal policy will be more expansionary since there will be no crowding-out effect. b. fiscal policy will be more expansionary since U.S. residents will increase their savings, so they can repay the foreigners in the future. c. foreign exchange value of the dollar will depreciate, which will lead to an increase in net exports and aggregate demand. d. foreign exchange value of the dollar will appreciate, which will lead to a decrease in net exports and aggregate demand.
In this graph for the marginal costs and benefits of pollution controls, at output level Q2, pollution control is ______.
a. unnecessary
b. optimized
c. insufficient
d. excessive