Increases in real GDP would understate the well-being of a country over time if, over that time period, the
A) percentage of people addicted to illegal drugs increased.
B) amount of pollution decreased.
C) crime rate increased.
D) average hours worked per week increased.
B
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The international debt crisis of early 1982 was precipitated when ________ could not pay its international debts
A) Russia B) Mexico C) Brazil D) Malaysia E) China
Which of the following will cause the demand curve for gasoline to shift leftward?
a. a decrease in the price of gasoline b. an increase in the price of gasoline c. a leftward shift of the supply of gasoline d. a rightward shift of the supply of cars e. a decrease in the price of bicycles
American citizens planning a vacation abroad that would require foreign currency would welcome:
A. Devaluation of the dollar. B. Appreciation of the dollar. C. Depreciation of the dollar. D. Appreciation of the foreign currency.
Coase bargaining works best in a situation with a large number of affected parties and the transactions costs of bargaining are relatively low.
Answer the following statement true (T) or false (F)