The 2003 tax rebate is an example of
A. monetary policy.
B. nondiscretionary trade policy.
C. discretionary fiscal policy.
D. nondiscretionary fiscal policy.
Answer: C
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Approximately what percentage of the World Bank's loans go to developing nations in the East Asia/Pacific and South Asia regions combined?
A) 10% B) 40% C) 100% D) 70%
What is one reason it might be difficult to dissuade people from pirating music off the Internet?
A) Consumer surplus is very high when music is pirated. B) In general, consumers get a rush from "stealing." C) Consumers mistakenly believe that the Internet is public domain. D) Producer surplus is very low when music is pirated.
The figure above shows the market supply and market demand curves for pizza. If the market is at its equilibrium, what area in the graph above represents:
a) consumer surplus? b) producer surplus?
Which of the following is a problem with common resources?
a. They will be overused because they are rival when used. b. They will be underused because they cannot exclude users who haven’t paid. c They will be overused because they cannot exclude users who haven’t paid. d. They will be underused because they are rival when used.