Getting a scholarship because of good grades is an example of
a. extrinsic reinforcement
b. intrinsic reinforcement
c. motivation
d. ERG theory
Ans: a. extrinsic reinforcement
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The production possibilities frontier is a graph showing the
A) exact point of greatest efficiency for producing goods and services. B) tradeoff between free lunches. C) maximum combinations of goods and services that can be produced. D) minimum combinations of goods and services that can be produced. E) resources available for the economy's production use.
What is the "big tradeoff"?
What will be an ideal response?
When the Fed uses contractionary policy,
A) it causes inflation. B) the price level rises higher than it would if the Fed did not pursue policy. C) it does not change the price level. D) the price level rises less than it would if the Fed did not pursue policy.
When a primary dealer buys a government bond from the Federal Reserve, reserves in the banking system ________ and the monetary base ________, everything else held constant
A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases