The structure of a macroeconomic model involves all of the following except
A) the available technology.
B) the behavior of consumers and firms.
C) the preferences of consumers.
D) the available resources.
B
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The use of eminent domain is probably more justifiable if the parcels of land needed for a project are
A) contiguous. B) noncontiguous. C) owned by the federal government. D) owned by one party instead of many parties.
If the Department of Defense hires only volunteers, the armed forces will be staffed predominantly by people who
A) are incompetent. B) are patriotic. C) care principally about money. D) see the armed forces as their best opportunity. E) want to serve more than they want to make money.
The Federal Reserve econometric model emphasizes the impact of the wealth effect on
A) consumption. B) government spending. C) business investment. D) exports.
Import quotas are aimed at increasing the quality of domestic products
a. True b. False Indicate whether the statement is true or false