Which of the following is an example of a negative externality?
A. Bad weather reduces the size of the wheat crop.
B. A reduction in the size of the wheat crop causes the income of wheat farmers to fall.
C. Smoking harms the health of nonsmokers who are nearby.
D. Smoking harms the health of the smoker.
E. all of the above
Answer: C
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The quantity of money is $1 billion, the price level is 1.10, and real GDP is $10 billion. What is the velocity of circulation?
What will be an ideal response?
Financial instruments used primarily as stores of value do not include:
A. a bank loan. B. asset backed securities. C. U.S. Treasury bonds. D. a car insurance policy.
The FDIC currently insures each bank account up to what level?
A) $10,000 B) $50,000 C) $250,000 D) $150,000
Suppose you purchased 100 shares of stock in 2016 for $25 a share and you sell them today for $30 a share. If the capital gains tax is 30 percent, your tax liability is
A. $70. B. $150. C. $500. D. indeterminate without knowing the inflation rate.