If a country's net exports fall, then its net capital outflow falls by the same amount
a. True
b. False
Indicate whether the statement is true or false
True
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The Federal Reserve System has
A) 50 district banks. B) 12 district banks. C) 24 district banks. D) 7 district banks.
Refer to Figure 13-4. What is the area that represents the loss made by the firm?
A) the area P1bcP2 B) the area P0acP2 C) the area P2cdP3 D) the area P0adP3
An example of statistical discrimination would be:
A. assuming the food will be better at an Italian restaurant than a Chinese one in the Little Italy neighborhood of NYC. B. charging young drivers a higher premium than older drivers. C. charging homes near a lake higher premiums for flood insurance than those on a hill. D. All of these are examples of statistical discrimination.
When tires are taxed and sellers of tires are required to pay the tax to the government,
A) the quantity of tires bought and sold in the market is reduced. B) the price paid by buyers of tires decreases. C) the demand for tires decreases. D) there is a movement downward and to the right along the demand curve for tires.