Economists argue that:
a. accounting costs include all types of costs, even implicit costs
b. every decision has an opportunity cost.
c. some decisions have opportunity costs, while others don't.
d. economic decisions should include sunk costs.
b
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The table above gives data for the nation of Mosh. In Mosh, equilibrium expenditure equals
A) $6 trillion. B) $10 trillion. C) $4 trillion. D) $9 trillion. E) $7 trillion.
Two reasons for an industrialized country to adopt an exchange-rate targeting regime are if the country ________ conduct successful monetary policy on its own,
and if the country wants to ________ integration of the domestic economy with its neighbors. A) cannot; encourage B) cannot; discourage C) can; encourage D) can; discourage
A deficit country, like Argentina in 2001, must follow restrictive monetary and fiscal policy in order to maintain a fixed exchange rate
a. True b. False Indicate whether the statement is true or false
An example of a seasonally unemployed worker would be
A) a software engineer who is laid off because of declining demand for the software he writes. B) a day care provider who quits his job to go back to school. C) a General Motors employee loses her job because the company is downsizing its work force. D) a ski lift operator who loses his job when the snow melts in the spring. E) a mother who quits her job to stay home with her children.