Which of the following positions might be taken by the ruler of a nation practicing mercantilism?
a. support of the merchant marine sector
b. support for the elimination of trade barriers such as tariffs
c. support for the reduction of government holdings of specie
d. discouragement of exploration and colonization
e. All of the above.
a. support of the merchant marine sector
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In the market for reserves, when the federal funds rate is above the interest rate paid on excess reserves, the demand curve for reserves is
A) vertical. B) horizontal. C) positively sloped. D) negatively sloped.
If political officials want to minimize the excess burden accompanying a tax, they should set the tax at a rate
a. that will maximize the revenue derived from the tax. b. slightly above the rate that will maximize the revenue derived from the tax. c. well below the rate that will maximize the revenue derived from the tax. d. that is the highest that could possibly be imposed.
Every week, the Bureau of Labor Statistics produces data on unemployment
a. True b. False Indicate whether the statement is true or false
If $100 today is worth $150 to you in the future, then you exhibit
A. a neutral time preference. B. a negative time preference. C. a positive time preference. D. a negative marginal rate of substitution.