Refer to the figure above. If tastes were to change so that S became more preferred relative to T, then, in autarky, production and consumption would move from their initial equilibrium to a point such as
A) C.
B) D.
C) E.
D) F.
D
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The ideal pollution tax adds how much to private cost?
a. as much as possible b. an amount that will maximize government tax revenue c. an amount equal to the market price d. an amount equal to the external cost e. nothing
A weak dollar would pose a potential problem for Germany and Japan, because it:
A. would make German and Japanese goods more expensive to Americans. B. would make German and Japanese goods less expensive to Americans. C. would make goods imported by Germany and Japan more expensive. D. would worsen inflation for Japan and Germany.
For a commercial bank, the term "reserves" refers to
What will be an ideal response?
The Norwegian economy can be characterized by Equation 24.3.EQUATION 24.3:C = 100 + 0.8Yd G = 500T = 200I = 200Refer to Equation 24.3. The equilibrium level of output for the Norwegian economy is
A. 2,850. B. 3,200. C. 4,000. D. 4,800.