Suppose an influenza pandemic were to significantly decrease the population of a country. We would predict a decrease in the marginal product of land in that country
a. True
b. False
Indicate whether the statement is true or false
True
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What are the four functions of money? Can something be considered money if it does not fulfill all four functions?
What will be an ideal response?
Which of the following contributed to the increase in steamboat productivity?
(a) Improvements in ship design (b) Better docking stations (c) Increased competition by railroads (d) All of the above
The marginal benefit of pollution abatement
A) increases at an increasing rate as abatement increases. B) decreases as pollution abatement increases because of the law of diminishing marginal utility. C) increases as pollution abatement increases because of the law of increasing marginal returns. D) is constant as pollution abatement increases.
If we assume a ten percent required reserve rate, and banks not holding any excess reserves and no change in currency holdings, an open market sale of $5 million of U.S. Treasury securities by the Fed, will result in deposits:
A. decreasing by $50 million. B. increasing by $5 million. C. not changing. D. increasing by $50 million.