A negative externality is the same thing as an external cost

Indicate whether the statement is true or false


T

Economics

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The greater the substitutability between Northwest timber and Southeast timber, the ________ is the cross elasticity of demand between timber from the two regions and the ________ is the elasticity of demand for Northwest timber

A) smaller; smaller B) smaller; larger C) larger; smaller D) larger; larger

Economics

Everything else held constant, aggregate demand increases when

A) taxes are cut. B) government spending is reduced. C) animal spirits decrease. D) the money supply is reduced.

Economics

Games with a finite number of strategies do not always have a Nash equilibrium

Indicate whether the statement is true or false

Economics

To achieve its target when the federal funds rate is below the Fed's target range, the Fed should:

A. do nothing. B. follow expansionary policy. C. follow contractionary policy. D. print money.

Economics