Unilateral transfers are
A) transactions that take place across national boundaries but in which both transactions are citizens of the same country.
B) government transactions that use gold and other official reserves.
C) gifts from a resident of one country to a resident in a foreign country.
D) the payments of interest to residents of another country.
C
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How does the construction of a market demand curve for a private good differ from that for a public good?
A) There is no difference; in both cases the demand curve is determined by adding up the price each consumer is willing to pay for each quantity of the good. B) The market demand curve for a private good is determined by adding up the price each consumer is willing to pay for each quantity of the good but the market demand curve for a public good is determined by adding up the quantities demanded by each consumer at each price. C) There is no difference; in both cases the demand curve is determined by adding up the quantities demanded by each consumer at each price. D) The market demand curve for a private good is determined by adding up the quantities demanded by each consumer at each price but the market demand curve for a public good is determined by adding up the price each consumer is willing to pay for each quantity of the good.
The marginal cost of pollution abatement is represented by
A) an upward sloping curve. B) a downward sloping curve. C) a horizontal curve. D) a vertical curve.
Which muscles are located between the ribs?
A. Intercostals B. Internal obliques C. Latissimus dorsi D. Pectoralis
Suppose you would have to pay Troy at least $12 to get him to part with his new water bottle. Loss aversion implies that if Troy had not yet purchased the water bottle, he would:
A. be willing to pay exactly $12 to buy it. B. no longer be interested in buying it. C. be willing to pay less than $12 to buy it. D. be willing to pay more than $12 to buy it.