Government clean up toxic waste sites is _____
a. justified on public good grounds
b. justified on externality grounds
c. justified on equity grounds
d. justified on technical monopoly grounds
a
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Assume a market that has an equilibrium price of $5. If the market price is set at $9, producer surplus:
A. rises for some producers because of the increased price. B. decreases for some producers because of fewer transactions taking place. C. Both A and B are true. D. Neither of these statements is true.
Profit-maximizing, competitive firms will not discriminate in the hiring of workers unless consumers exercise a preference for discrimination in product markets or governments mandate discrimination
a. True b. False Indicate whether the statement is true or false
Nine of the top 10 exporting countries are countries with ________.
A) cheap labor B) small land masses C) dependence primarily on raw material exports D) developed economies
As with fiscal policy, monetary policy is also affected by the ________, _________ and ________ timing lags.
Fill in the blank(s) with the appropriate word(s).