As long as some people anticipate policy, the economic consequences may be the same as if all persons do so
Indicate whether the statement is true or false
True
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Which area in the above figure equals the consumer surplus under perfect price discrimination?
A) A + B + C + D + E + F + G + H B) A + B + C + D + E C) A + B D) There is no consumer surplus.
The government's ability to alter expenditures in its economy between imports and exports by enacting policies to change their relative prices is known as
A) expenditure-switching instruments. B) trade drivers. C) tariff tools. D) absorption instruments.
How much do outputs increase when labor and capital increase from 1 to 2 units for the following production function , q = 10L0.5K0.3?
A) 7.4 units. B) 7 units. C) 8 units. D) None of the above.
A typical American worker covered by unemployment insurance receives
a. 50 percent of his former wages for 26 weeks. b. 50 percent of his former wages for 52 weeks. c. 100 percent of his former wages for 26 weeks. d. 100 percent of his former wages for 52 weeks.