If electric utilities continually reduce their emissions of sulfur dioxide
A) the utilities will eventually be forced to go out of business.
B) the marginal cost of further emissions will rise.
C) the marginal benefit of additional emissions will rise.
D) the total benefit of sulfur dioxide emissions will fall.
B
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A British investor buys $40,000 worth of stocks in the U.S. stock market. For the U.S. we would predict ________.
A. aggregate demand will fall B. aggregate supply will rise C. aggregate demand will rise D. aggregate supply will fall
Which of the following is a liability on the balance sheet of the Federal Reserve System?
A) currency B) U.S. government securities C) mortgage-backed securities D) None of the above are correct because they are all assets of the Federal Reserve.
During the entire period of 1820–1920, there were persistent trends in the structure of American foreign trade. They exhibited
(a) a decrease in imported finished manufactures and an increase in exported finished manufactures. (b) an increase in the exports of crude materials and foodstuffs and a decline in their importation. (c) increases in both imports and exports of manufactured goods and foodstuffs. (d) no exports or imports.
If the price of a commodity is above marginal cost, then the economy will tend to
A. overproduce the item. B. underproduce the item. C. produce the optimal amount of the item. D. overproduce and underproduce the item cyclically.