Within the city of New Orleans, most of the victims of Hurricane Katrina were
A. rich and white.
B. rich and black.
C. poor and white.
D. poor and black.
D. poor and black.
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The external benefit of a good
A) equals its consumer surplus. B) equals its producer surplus. C) equals its total surplus. D) is a benefit from the good falling on people who are not the consumers of the good.
A rational consumer should not consume more of a good when
a. total utility is decreasing b. marginal utility is diminishing c. one unit has already been consumed d. income is decreasing e. the price increases
In which market should you begin your analysis if the domestic stock market is attracting more foreign investors? Which curve shifts initially?
a. Foreign exchange market, with a shift in the demand for domestic currency b. Real loanable funds market, with a shift in the demand for real loanable funds c. Foreign exchange market, with a shift in the supply of domestic currency d. Real goods market, with a shift in aggregate supply e. Real loanable funds market, with a shift in the supply of real loanable funds
Based on the graph showing the Phillips curve, higher inflation is paired with ______.
a. lower unemployment
b. higher unemployment
c. zero unemployment
d. increasing unemployment