Macroeconomic statistics include GDP, the inflation rate, the unemployment rate, retail sales, and the trade deficit
a. True
b. False
Indicate whether the statement is true or false
True
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In Egypt, in 1970, the Aswan Dam was completed. By preventing the annual flood of the Nile (thereby providing millions of acres of arable land) and by providing electricity, the dam was expected to raise the living standard of the Egyptian people-and it has. However, it has also led to a rise in the water table which causes Egypt's limestone structures, including the pyramids, to absorb more salt
water and to suffer serious erosion from crystallized salts. Combined with air pollution and traffic vibration, this erosion is turning the pyramids to dust. Economists analyze this type of problem with the concept of a. an externality. b. the antiquity problem. c. a free-rider problem. d. the public good problem. e. the trade-off between equity and output.
Zelzar has decided to end its policy of not trading with the rest of the world. When it ends its trade restrictions, it discovers that it is importing incense, exporting steel, and neither importing nor exporting rugs. Which groups in Zelzar are better off as a result of the new free-trade policy?
a. producers of incense and consumers of steel b. consumers of all three goods c. consumers of incense and producers of rugs d. producers of steel and consumers of incense
A safe driver would likely choose an auto insurance policy with a
a. low premium and a high deductible. b. high premium and a high deductible. c. high premium and a low deductible. d. high premium and no deductible.