Which of the following is NOT an application of supply and demand analysis?
A) Understanding changing world economic conditions and their effects on prices
B) Evaluating the effects of government price controls on the agricultural industry
C) Determining how taxes affect aggregate consumption spending patterns
D) all of the above
E) none of the above
E
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Currency appreciation will decrease net exports
Indicate whether the statement is true or false
Which of the following industries relies heavily on peak/off-peak pricing?
A. Auto manufacturing B. Computer software C. Airlines D. Book publishing
Which of the following statements are false?
A. If the CPI has gone up since the base year, inflation has occurred. B. Inflation generally occurs before wars. C. A period of great price stability since World War II was 1958 to 1964. D. Inflationary recessions first occurred in the 1970s.
The marginal social benefit of pollution is the incremental benefit to society from producing one more unit of pollution.
Answer the following statement true (T) or false (F)