What is one of the concerns of opponents of inflation?
a. Indexing is always partial.
b. Indexing is always fair.
c. Indexing is sometimes partial.
d. Indexing is sometimes fair.
a. Indexing is always partial.
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Refer to the figure above. If the exchange rate is fixed above E yuan per dollar:
A) both the yuan and dollar are undervalued. B) the dollar is overvalued and the yuan is undervalued. C) both the yuan and dollar are overvalued. D) the dollar is undervalued and the yuan is overvalued.
A monopolist
a. can charge whatever price it wants b. charges more than almost any consumer is willing to pay c. is constrained by marginal cost in setting price d. is constrained by demand in setting price e. always earns an economic profit
Which of the following statements is not correct?
a. Common resources are rival in consumption but are not excludable. b. Uncongested toll roads are examples of club goods. c. When African elephants were privatized, the survival of the species deteriorated. d. National defense is not rival in consumption, nor is it excludable.
Which of the following statements is true?
A) Government purchases is the largest component of GDP. B) Net exports are equal to exports plus imports. C) U.S. imports refer to the physical quantity of foreign-produced goods that are purchased by residents of the United States. D) Government purchases includes the spending on goods and services by all levels of government (federal, state, and local). E) c and d