When countries try to ban child labor,
A) most children start to attend school.
B) family poverty decreases.
C) child labor often moves to the informal economy.
D) GDP increases.
C
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Other things constant, if a person prefers to have a good sooner rather than later
A) she is acting like a child. B) she has a negative rate of time preference. C) she has a zero rate of time preference. D) she has a positive rate of time preference.
During the Great Depression, real interest rates
A) rose to unprecedentedly high levels. B) rose only slightly above the long-run trend. C) fell to unprecedentedly low levels. D) fell only slightly below the long-run trend.
Figure 11-9
In Figure 11-9, how much more than the short-run competitive price will the profit-maximizing monopolist charge?
A. $1 B. $2 C. $3 D. $10
Who did President Jimmy Carter appoint to head the Federal Reserve beginning in 1979?
a. Ben Bernanke b. Alan Greenspan c. Paul Volcker d. Arthur Burns