Considering only its direct effect on income, the effect of monetary policy is that:
A. both expansionary and contractionary policies tend to decrease the trade deficit.
B. both expansionary and contractionary policies tend to increase the trade deficit.
C. expansionary policy tends to increase the trade deficit and contractionary policy tends to decrease it.
D. expansionary policy tends to decrease the trade deficit and contractionary policy tends to increase it.
Answer: C
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Four candidates are running for president of their book club, which has a total of 36 members. The table below indicates the number of voters and their preferences
Determine the winner under the plurality-rule method, the Borda-count method (assigning 3 points to each first choice, 2 points to each second choice, 1 point to each third choice, and no points to each fourth choice), and the instant runoff method. Number of voters and their preferences 7 14 6 9 1st Choice Amy Byron Coco Dinesh 2nd Choice Coco Dinesh Amy Amy 3rd Choice Byron Amy Dinesh Coco 4th Choice Dinesh Coco Byron Byron
The table above shows the marginal private benefit, marginal social benefit, and marginal cost of education at the College of Epsilon. What is the efficient number of students at the college?
A) 1,000 B) 3,000 C) 4,000 D) 5,000
Compared to a perfectly competitive firm, in a long run the monopolistically competitive firm will have
A) a lower price. B) a lower average cost. C) a horizontal demand function. D) a lower rate of output.
Money is destroyed when: a. new loans are made
b. the net worth of the banking system declines. c. loans are repaid to banks. d. checks written on accounts at one bank are deposited in another bank.