Recall the Application about how the price of CO2 permits in the European Union is determined to answer the following question(s).Recall the Application. Which of the following factors caused the increase in the price CO2 allowances in the EU in 2017?
A. Members agree on reforms that will increase the supply of allowances.
B. Members agree on abolishing the Emissions Trading System (ETS).
C. The United States decides to increase its supply of allowances.
D. Members agree on reforms that will decrease the supply of allowances.
Answer: D
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Between September 2013 and September 2014 the number of discouraged workers decreased from 852,000 to 698,000. Assuming the change resulted from discouraged workers starting to make specific efforts to find a job again, this change creates
A) an increase to the U-3 unemployment rate. B) a decrease to the U-3 unemployment rate. C) no change to the U-3 unemployment rate. D) a decrease in the labor force participation rate.
Banks are not allowed to hold reserves in excess of those required by law
a. True b. False
If we observe that Jamie's budget constraint has moved outward, then we know for certain that
a. her income must have increased. b. she will be indifferent between goods X and Y. c. the price of one or both of the goods must have decreased. d. she can reach a higher indifference curve.
Positive statements are:
A) microeconomic in nature. B) macroeconomic in nature. C) statements involving value judgments. D) statements that can be tested.