Who of the following has been prominently accused of acting on the basis of the “edifice complex”?
A. The Environmental Protection Agency
B. A. C. Pigou
C. The Army Corps of Engineers
D. Environmental activists
Answer: C
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The brain drain refers to the effects of Dutch Disease when the infection spreads to other countries
Indicate whether the statement is true or false
A sterilized central bank intervention does not affect the domestic money supply
Indicate whether the statement is true or false
Assume that the equilibrium price in a perfectly competitive industry is $4.25 . If a firm in this industry produced and sold 10 units with an average total cost of $5.00, what would be the result would be:
a. a profit of $0.75 b. a profit of $7.50 c. a loss of $0.75 d. a loss of $7.50
Which of the following mechanisms would not be used by a country to defend a fixed exchange rate?
A. The government can alter domestic interest rates to influence short-term international capital flows. B. The government can impose a form of exchange control. C. The government can threaten to shift to a floating exchange rate. D. The government can buy or sell foreign currency to influence the actual exchange rate.