Two types of private solutions to the problem of externalities are
a. charities and the Golden Rule.
b. charities and subsidies.
c. the Golden Rule and taxes.
d. taxes and subsidies.
a
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About what percent of the world's poorest people are female?
a. 30 b. 50 c. 70 d. 90
When interest rates are low, people often ______.
a. put a bit aside every payday to invest in U.S. Treasury bills b. invest in long-term savings instruments c. hang on to their money to make sure they have enough for everyday expenses d. put more money into their CDs
When unemployment is above the natural rate,
A. the inflation rate falls. B. inflation rises. C. nominal wages decrease. D. wage-price spirals occur.
If the demand for British pounds decreases,
a. the equilibrium price of the pound will increase b. the equilibrium price of the pound will decrease c. the equilibrium price of the pound will not change d. the equilibrium price of the pound will change, but we need additional information to predict the direction of the change e. no one can predict what will happen