Questions from General Economics


Q: True or False: Computers and increased global competition have retarded economic

True or False: Computers and increased global competition have retarded economic growth in recent decades.

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Q: Suppose Zeeland pegs its currency, the zee, at 1 zee

Suppose Zeeland pegs its currency, the zee, at 1 zee = 36 grains of gold while Aeeland pegs its currency, the aeellar, at 1 aellar = 10 grains of gold. a. What would the exchange rate be between the...

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Q: Think back to the gold standard period.  If the United States

Think back to the gold standard period.  If the United States suffered a recession, to what degree could it engage in expansionary monetary policy?

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Q: To an economist, any government program is too big if an

To an economist, any government program is too big if an analysis of that program finds that MB _______ MC. a. Is greater than b. Is less than c. Is equal to d. Is less than twice as large as e. Is m...

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Q: Tammy Hall is the mayor of a large U.S.

Tammy Hall is the mayor of a large U.S. city. She has just established the Office of Window Safety. Because windows sometimes break and spray glass shards, every window in the city will now have to pa...

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Q: A few hundred U.S. sugar makers lobby the U

A few hundred U.S. sugar makers lobby the U.S. government each year to make sure that it keeps taxing imported sugar at a high rate. They do so because the policy drives up the domestic price of sugar...

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Q: ___________________ occur when politicians commit to making a series of future expenditures

___________________ occur when politicians commit to making a series of future expenditures without simultaneously committing to collect enough tax revenues to pay for those expenditures. a. Budget d...

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Q: Critique: “Thank goodness we have so many government regulatory agencies

Critique: “Thank goodness we have so many government regulatory agencies. They keep Big Business in check.”

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Q: Suppose that the pen-making industry is perfectly competitive. Also

Suppose that the pen-making industry is perfectly competitive. Also suppose that each current firm and any potential firms that might enter the industry all have identical cost curves, with minimum AT...

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Q: How do the concepts of pork-barrel politics and logrolling relate

How do the concepts of pork-barrel politics and logrolling relate to the items listed in the Last Word?

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