An increase in the price of pineapples will result in
A) a decrease in the demand for pineapples. B) an increase in the supply of pineapples.
C) a larger quantity of pineapples supplied. D) a smaller quantity of pineapples supplied.
C
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A lobbyist for the coal industry asks Congress to limit environmental constraints on coal-burning plants. This is an example of
a. the median-voter model b. rent seeking c. perfect competition d. monopoly e. public-interest legislation
The relationship between MPC and MPS is:
a. 1 + MPC = MPS. b. 1 ? MPC = MPS. c. 1 + MPS = MPC. d. MPC ? MPS = 1.
The advantage of a system of fixed exchange rates over one where exchange rates are flexible is that
A. the government gains more control over the economy. B. floating exchange rates impose risks on importers and exporters from unpredictable exchange rates. C. exchange controls become unnecessary. D. fiscal and monetary policy can focus more on domestic conditions.
Which among the following countries had the highest GDP per person in 2011?
A. Mexico B. India C. Russia D. China