When the Federal Reserve sells $500 worth of government securities, the money supply
A) rises by $500.
B) rises by more than $500.
C) falls by $500.
D) falls by more than $500.
D
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Externalities exist because
A) private costs differ from social costs. B) private costs are equal to social costs. C) government has created them. D) they are a function of socialism.
The "greenhouse effect" is predicted to
a. lead to the next ice age. b. raise global temperature. c. pollute the oceans. d. break the edifice complex by the turn of the century.
The most widely used approach for the analysis of oligopoly behavior is
A. game theory. B. role–playing. C. strategic engineering. D. input-output analysis.
Refer to the information provided in Figure 28.4 below to answer the question(s) that follow.
Figure 28.4Refer to Figure 28.4. Suppose there is a decrease in the fertility rate and this causes some men and women to place a lower value on their time spent in nonmarket activities. This will cause
A. the labor supply curve to shift to the right of S. B. the labor supply curve to shift to the left of S. C. the labor demand curve to shift from D to D'. D. the labor demand curve to shift from D' to D.