In the cost-benefit analysis of public goods, the benefits
A. Are more easily estimated than the costs.
B. Can be only roughly estimated using highly subjective techniques.
C. Can be accurately measured using the market price of the public good.
D. Can be accurately measured by ballot box economics.
Answer: B
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If the duration of unemployment in a country increases from 16 weeks to 18 weeks, then
A. the size of the labor force will increase. B. the unemployment rate will decrease. C. the size of the labor force will decrease. D. the unemployment rate will increase.
When the total quantity of unsold new Tesla Model 3 vehicles increases from 40,000 to 45,000
A. the economy's level of consumption has increased. B. there is a decrease in aggregate output. C. the economy experiences an increase in inventory investment. D. the economy experiences a decrease in investment.
A developing country does not have enough taxes to cover its expenditures and is unable to borrow. This government would be most likely to cover its deficit by
A) purchasing government bonds from the public. B) selling government bonds to the public. C) selling newly issued government bonds directly to the central bank. D) buying newly issued government bonds directly from the central bank.
In the equation of exchange, PQ represents: a. the dollar value of all final goods and services sold in a country in a given year. b. the price index times nominal GDP
c. real GDP. d. the price level times the velocity of money