Which of the following is NOT a form of a short-term loan in the shadow banking system?
A) repurchase agreements
B) commercial paper
C) money market mutual fund shares
D) bank deposits
D
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National defense made up the largest portion of federal expenditures in 2009.
Answer the following statement true (T) or false (F)
Which of the following best approximates a pure monopoly?
A. the fast food market B. the oil market C. the steel market D. the NFL
Consider an income tax and a head tax, the sizes of which have been set so that the government collects the same amount of money under each tax. Which tax does the consumer prefer?
a. The consumer is indifferent between the two taxes, since he pays the same amount of money under each tax.
b. The consumer prefers the head tax, because it does not lower the relative wage as does the income tax.
c. The consumer prefers the income tax, because it can be avoided by increasing the amount of leisure time consumed.
d. The consumer may prefer either tax, depending on whether the income tax increases or decreases the number of hours of work at the optimum.
The sale of Chinese goods in the United States of America has increased over the past few months. This will cause the:
a. U.S. dollar to appreciate against the Chinese yuan. b. U.S dollar to strengthen against the Chinese yuan. c. Chinese yuan to appreciate against the U.S. dollar. d. Chinese yuan to depreciate against the U.S. dollar.