The Federal Reserve System is divided into how many districts?
A. 7
B. 5
C. 1
D. 12
Answer: D
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If the percentage change in quantity demanded is greater than the percentage change in price, we would say that over this range, demand is:
A) elastic. B) unit elastic. C) inelastic. D) perfectly inelastic.
The data below describe the economy of Econland:Business and household saving58Government transfers and interest payments12Government purchases of goods and services25Tax collections42Public saving in Econland equals:
A. 5 B. -5 C. 17 D. 16
When the stock market is rising rapidly, what tends to happen to bond prices and interest rates on bonds?
a) Bond prices rise and interest rates on bonds fall. b) Bond prices rise and interest rates on bonds rise as well. c) Bond prices fall and interest rates on bonds fall as well. d) Bond prices fall and interest rates on bonds rise.
It is efficient to reduce pollution up until the marginal benefit from reducing the pollution equals the marginal cost of abatement.
Answer the following statement true (T) or false (F)