Contrary to most thinking, governments play ____ in causing pollution
a. almost no role
b. a large but decreasing role
c. a major role
d. a reconstructive role
c
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Which of the following shifts the aggregate supply curve leftward?
A) increase in the money wage rate B) a fall in the price level C) increase in real GDP D) decrease in the money price of oil E) increase in potential GDP
In the figure above, if the firm is regulated using an average cost pricing rule, the economic loss created is equal to the area of
A) ABG. B) BEFG. C) BCFG. D) BCE. E) None of the above because there is no economic loss created.
An increase in the demand for American-made goods will
A) decrease the supply of dollars on the foreign exchange market. B) decrease the demand for dollars on the foreign exchange market. C) increase the demand for dollars on the foreign exchange market. D) increase the supply of dollars on the foreign exchange market.
According to the purchasing power parity, if the price level in the US rises relative to Mexico
a. The dollar will appreciate relative to the peso b. The dollar will depreciate relative to the peso c. There is no effect on either currency d. None of the above