An export subsidy is a payment by the government to exporters to permit them to charge lower prices
a. True
b. False
Indicate whether the statement is true or false
True
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One source of the supply of dollars in the world is
A) the purchase of U.S. exports by foreign residents. B) the sale of U.S. domestic assets to foreigner residents. C) U.S. imports of foreign merchandise. D) U.S. sales of gold to foreigner residents.
If negative externalities are created in the production of a good, then society will:
a. produce too much of the good since the marginal private cost to firms is less than the marginal social cost. b. produce too little of the good since the marginal private cost to firms is less than the marginal social cost. c. produce too much of the good since the marginal private cost to firms is greater than the marginal social cost. d. produce too little of the good since the marginal private cost to firms is greater than the marginal social cost.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars
A. remains constant. B. decreases. C. initially increases, then decreases. D. increases.
Shifts in factor demand result from changes in
A. the price of other inputs. B. the quantity of other factors with which it works. C. demand for outputs. D. All of the above are correct.