Which of the following equations is correct?
a. Y = C + I + G + NCO
b. NX = NCO
c. NCO = S - I
d. All of the above are correct.
d
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Refer to Scenario 12.2. In this game, if both players end up playing their weak strategies, then
A) Eliza will donate a kidney and Jerome will not donate. B) both Eliza and Jerome will donate a kidney. C) Jerome will donate a kidney and Eliza will not donate. D) neither Eliza nor Jerome will donate a kidney.
Consider a situation in which the government has limited information about costs and benefits of pollution abatement associated with a given industry
However, it is known that the marginal social cost curve for emissions is much steeper than the marginal cost of abatement curve (in absolute terms). In this situation, which method of emissions control is preferable when the greatest concern is with accuracy of control rather than the cost of control? That is, should a fee be used or should a standard be used? Explain.
The demand for microwaves in a certain country is given by: D = 8,000 -30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. Suppose the economy is closed. The equilibrium price of a microwave is ________ and equilibrium quantity is ________.
A. $100; 5,000 B. $125; 4,000 C. $75; 6,000 D. $50; 8,000
Economic growth may be represented by:
A. A movement from one end of the production possibilities curve to the other B. An upward-sloping production possibilities curve C. A movement from a point inside to a point on the production possibilities curve D. A rightward shift of the production possibilities curve