An increase in U.S. taste for European goods will lead to ______ demand for euros and a(n) ______ exchange rate for the euro.
a. increased; lower
b. decreased; lower
c. increased; higher
d. decreased; higher
c. increased; higher
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The use of incentive payments for salespeople combats
A) both adverse selection and moral hazard. B) neither adverse selection nor moral hazard. C) adverse selection but not moral hazard. D) moral hazard but not adverse selection.
Which of the following might be a method that the government could use to correct a negative externality?
A) an effluent fee on waste from the production of goods that create negative externalities B) government subsidies to producers of goods that create negative externalities C) financing additional production of goods that create negative externalities D) encouraging overallocation of resources of production of goods that create negative externalities
Economists at the U.S. Department of the Treasury help design U.S. coins and paper money
a. True b. False Indicate whether the statement is true or false
When total product is diminishing, marginal product is:
A. constant. B. positive and increasing. C. positive and decreasing. D. negative.