The U.S. market for interbank borrowing and lending is called the:
a. Money market.
b. Eurodollar market.
c. Federal funds markets.
d. Real Goods Market.
e. Primary market.
.C
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The above figures show the market for oranges. Which figure(s) shows the effect of a new government program that provides each public school child with an orange to start the day?
A) Figure A B) Figure D C) Figures A and C D) Figures A and D
Any improvement in overall production technology that produces more output with the same level of inputs causes
A. a rightward shift of the supply curve so that more is offered at each price. B. no movement of the supply curve, but a fall in price and a decrease in quantity supplied. C. a movement up the supply curve resulting in both a higher equilibrium price and quantity. D. a leftward shift of the supply curve so that less is offered for sale at each price.
You spend $150 every month planting flowers in your front yard. Your neighbor has told you that she derives $20 a month in enjoyment from being able to look at your beautiful flowers. Which of the following is true?
A. If you took into consideration the benefits your neighbor derived, the efficient level of flower planting would be less than $150 a month. B. You should refuse to spend anything on flowers unless your neighbor pays you $20 a month. C. You are spending too much on flowers, because your neighbor derives only $20 worth of benefits. D. If you took into consideration the benefits your neighbor derived, the efficient level of flower planting would be greater than $150 a month.
The above figures show the market for hamburger meat. Which figure(s) shows the effect of an increase in the price of a hamburger bun, a complement for hamburger meat?
A) Figure B B) Figure C C) Figure D D) Figures A and B