Which of the following is the LEAST scarce?
A) college education
B) medicine
C) housing
D) air
D
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The required reserve ratio is the percentage of total deposits that the Fed requires a bank to hold in vault cash or on deposit with the Fed
a. True b. False Indicate whether the statement is true or false
Which of the following statements is FALSE about the issues faced by the government when contemplating a tax?
A) Consideration must be given to how tax rates relate to the amount actually received. B) Consideration must be given to how taxes influence market prices. C) Consideration must be given to how taxes influence equilibrium quantity. D) Consideration must be given to the amount of funds the government will be receiving from the transfer payments paid by the public to the government.
If society is producing a combination of goods on its production possibilities frontier
a. it must be employing all available resources. b. it must be growing. c. it is using all the available natural resources but may not be using all available labor resources. d. Both a and b.
One unpleasant cure for the U.S. trade deficit of the 1990s would be for foreigners who hold U.S. financial assets to demand
A. lower interest rates to stimulate U.S. growth rates. B. higher interest rates and generate a recession in the United States. C. higher interest rates and generate an appreciation of the dollar. D. lower interest rates and generate a depreciation of the dollar.