The excess supply curve of a product we (H) import from foreign countries (F) increases as
A) excess demand of country H increases.
B) excess demand of country F increases.
C) excess supply of country H increases.
D) excess supply of country F increases.
E) excess supply of country F decreases.
D
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The IS curve plots for each level of income the ________ that causes income to equal ________
A) interest rate, planned expenditures B) interest rate, planned autonomous spending C) planned autonomous spending, planned expenditures D) planned autonomous spending, planned autonomous spending
Consider an industry with two firms producing similar products. Each firm's total cost (in dollars) is given below. Mega Corp: TC = 5,000 + 100Q Big Inc: TC = 4,000 + 200Q ________ has a higher fixed cost and ________ has a higher marginal cost.
A. Mega Corp; Big Inc B. Big Inc; Big Inc C. Mega Corp; Mega Corp D. Big Inc; Mega Corp
Monetary policy authorities can only affect the real economy, if:
a. their actions are anticipated by the public b. their actions are fully communicated to the public c. their actions are consistent and predictable. d. their actions systematically fool the public
U.S. drug laws prohibiting re-importation of prescription drugs prevent
A. American pharmaceutical distributors from re-selling to Canadian citizens at higher prices. B. Canadian pharmaceutical distributors from re-selling to American citizens at higher prices. C. the U.S. government from dictating the drug prices to be paid by Canadian citizens. D. U.S. pharmaceutical companies from earning monopoly profits.