Refer to the scenario above. Net exports of Lawland equal:
A) $680 billion. B) -$180 billion. C) -$210 billion. D) $1,820 billion.
B
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In the principal-agent problem, the principal is:
A. a person who entrusts someone with performing a task. B. a person who carries out a task on someone else's behalf. C. a person who is in charge of an educational system. D. a person who is the source of the problem.
In a balanced oligopoly,
a. one firm has significantly greater market power than any other in the industry b. only one firm exists in the industry c. the industry is rapidly converging into a monopolistically competitive industry d. all firms have near-equal market shares e. the four-firm concentration ratio exceeds 100 percent
When the money supply is expanding rapidly and the general level of prices increasing sharply, economic growth is
What will be an ideal response?
Who is affected when a Pigouvian tax is imposed on a market with a negative production externality?
A. Producers B. Those affected by the externality C. Consumers D. All of these groups are affected when it becomes internalized.