In 2009, the gap between foreign assets in the United States and U.S. assets abroad was
A. $3 trillion.
B. $2.5 trillion.
C. $4 trillion.
D. $6.5 trillion.
D. $6.5 trillion.
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When the capital (a fixed input) changes
A) short-run marginal costs rise. B) short-run average total costs fall but do not shift. C) labor inputs decline. D) the short-run average total cost curve shifts.
Economic theory suggests politicians will be most likely to favor redistribution of income from
What will be an ideal response?
An increase in the U.S. interest rate will most likely
A) reduce the attractiveness of investment in the United States. B) lead to a decrease in the value of the U.S. dollar. C) lead to an inflow of funds to the United States and an appreciation of the dollar. D) provide a stimulus to U.S. export industries.
An effluent fee is a
A. charge for a public good. B. charge to a polluter that gives the right to discharge pollution into the air. C. fine imposed on a polluter for dumping illegal pollution. D. subsidy given to the producer of a positive externality.