The stock market boom in 1922–1929 seems "rational" enough if you take into account the expansion of the money supply in the same period
Indicate whether the statement is true or false
False
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Suevania opens its doors to trade with Barvania. Barvania has a comparative advantage in the production of machinery. Hence, once trade occurs Suevania's consumers will buy ________ machinery and pay ________ before
A) more; a lower price than B) the same amount of; the same price as C) less; a higher price than D) more; a higher price than E) less; a lower price than
In colonial times, the French guinea, the Spanish pistole, and the English crown circulated as money on the streets of New York, Boston, Baltimore, and Philadelphia and were exchanged readily for each other
Indicate whether the statement is true or false
If the cross-price elasticity between goods X and Y is positive, we know the goods are:
A. substitutes. B. complements. C. inelastic. D. inferior goods.
If the marginal cost of pollution abatement differs across firms, then regulations that require all polluters to reduce pollution by a fixed proportion will be:
A. fair to all polluters. B. efficient. C. ineffective. D. inefficient