On the graph above, which pair of points best represents a scenario in which the nominal interest rate and expected inflation decline equally?
A) I to H
B) G to K
C) I to J
D) K to F
E) J to H
D
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If the domestic producers of a good are hurt by a free trade, it suggests that the country:
A. is a net exporter of that good. B. is not able to produce that good. C. is a net importer of that good. D. has a comparative advantage in that good.
From an efficiency standpoint, one must compare the excess burdens of tax and debt finance.
A. True B. False C. Uncertain
The market for heroin, for example, is what economists call a(n) ______ market.
a. illegal b. irregular c. regulated d. social
If a monopolist engages in price discrimination, it will:
A. realize a smaller profit. B. charge a higher price where individual demand is inelastic and a lower price where individual demand is elastic. C. produce a smaller output than when it did not discriminate. D. charge a competitive price to all its customers.