The exchange of goods and services directly without money is called:
a. creative destruction.
b. barter.
c. arbitration.
d. currency trade.
e. illegal trade.
b
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If a positive externality is caused by producers, a Pigouvian subsidy would have to be given to producers; and if a positive externality is caused by consumers, a Pigouvian subsidy would have to given to consumers.
Answer the following statement true (T) or false (F)
Milton Friedman would eliminate the destabilizing effect of the Federal Reserve's monetary policy by
A) eliminating the Federal Reserve. B) removing the Federal Reserve's political independence. C) requiring that the Federal Reserve choose a monetary aggregate and increase it at a fixed percentage rate each year. D) eliminating the Federal Reserve's right to carry out open-market operations.
The Fed's responsibilities include controlling the money supply, clearing checks, and supervising and regulating banks
a. True b. False Indicate whether the statement is true or false
A change in the price of a commodity affects both the demand and the quantity demanded
Indicate whether the statement is true or false