U.S. net export spending rises when
A) the inflation rate is higher in the United States relative to other countries.
B) the value of the U.S. dollar increases relative to other currencies.
C) the price level in the United States rises relative to the price level in other countries.
D) the growth rate of U.S. GDP is slower than the growth rate of GDP in other countries.
D
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What are the arguments against the redistribution of income?
What will be an ideal response?
In the United States from 1981 to 2013, deaths from all of the following declined substantially except
A) heart attacks. B) kidney disease. C) cancer. D) strokes.
Which of the following statements is false?
A. A positive externality is internalized if the person that generated the externality incorporates into his or her own private cost-benefit calculations the external benefits that third parties receive. B. Internalizing externalities is not the same as adjusting for externalities. C. An externality has been completely internalized if the socially optimal output emerges. D. Assigning property rights is one way to internalize externalities.
Answer the next question based on the following demand and cost data for a specific firm.Demand DataCost Data(1) Price(2) Price(3) QuantityTotal OutputTotal Cost$50$3522$4545303355402544703520559030156611525107714520588180If columns 1 and 3 are this firm's demand schedule, the profit-maximizing level of output will be
A. 6 units. B. 3 units. C. 4 units. D. 5 units.