Q: An increase in the expected inflation rate in one country will
An increase in the expected inflation rate in one country will a) strengthen its currency. b) weaken its currency. c) have no impact on the exchange rate between its currency and other currencies....
See AnswerQ: Economists generally believe that a new casino in a city that already
Economists generally believe that a new casino in a city that already has them would likely have _________ economic impact. a) an enormously negative b) a modestly negative c) an enormously positi...
See AnswerQ: The destruction of the World Trade Center and damage to the Pentagon
The destruction of the World Trade Center and damage to the Pentagon and the accompanying work to rebuild and repair led to _____ to the insurance companies and _____ in GDP. gains; gains losses; loss...
See AnswerQ: One of the concerns about monopolies is that they a)
One of the concerns about monopolies is that they a) reduce the motivation to innovate. b) reduce the motivation to make a profit. c) hire people at an excessive level. d) waste resources in pursu...
See AnswerQ: Income inequality as conventionally measured is ____ when you ignore the decreases
Income inequality as conventionally measured is ____ when you ignore the decreases in the capital gains tax rate. a) overstated b) understated c) property stated
See AnswerQ: Farm price supports are typically for a) basic commodities like
Farm price supports are typically for a) basic commodities like raw milk and grain. b) fruits and vegetables. c) refined products like flour. d) manufactured products like breakfast cereals.
See AnswerQ: The last time the minimum wage alone was sufficient to keep a
The last time the minimum wage alone was sufficient to keep a family of three above the poverty line was a) 1979. b) 1985. c) 1990. d) 1998.
See AnswerQ: The optimal venue for an event is one where a)
The optimal venue for an event is one where a) the number of seats exceeds the number where marginal cost equals marginal revenue. b) the number of seats is less than number where marginal cost equa...
See AnswerQ: Rent control is an example of a _________ a) price
Rent control is an example of a _________ a) price ceiling. b) price floor. c) price irrelevancy. d) price equalization.
See AnswerQ: The argument that spending more money on teachers has little impact on
The argument that spending more money on teachers has little impact on educational outcomes in K–12 is a) inconsistent with any economic model. b) consistent with the upward-sloping nature of a pro...
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