Rising prices will discourage consumption and encourage conservation.
Answer the following statement true (T) or false (F)
True
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Asset-price bubbles ________
A) are a relatively recent phenomenon B) end with an increase in asset prices C) have been a feature of market economies for centuries D) are likely to be prevented by advances in computer technology and telecommunications
Differences in tastes among nations
a. make gains from trade possible even in the absence of differences in resource endowments b. make gains from trade possible only when there are differences in resource endowments c. negate any potential gains from trade d. are caused by differences in resource endowments e. occur only among countries whose people are of different religions
A switch to marketable pollution permits will decrease abatement costs because high-cost firms do most of the abating.
Answer the following statement true (T) or false (F)
How do theories of mainstream macroeconomics and monetarism differ in relation to monetary policy?
What will be an ideal response?