“Market forces” consist of ______.
a. government agencies
b. thousands of consumers
c. thousands of producers and government agencies
d. millions of producers and consumers
d. millions of producers and consumers
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John paints the exterior of his house and, as a result, his neighbor Christine is able to sell her home for $5,000 more than she could have before. John's house painting:
a. creates a negative externality for Christine. b. shows John is a free rider. c. results in an efficient market outcome for both. d. creates a positive externality for Christine. e. was poorly done.
The poverty rate is defined as:
A. the percentage of low income earners to high income earners. B. the percentage of the population that falls below the absolute poverty line. C. the lowest one percent of all income earners. D. the percentage of the population that falls below the relative poverty line.
From an economic perspective, when a student decides to attend another year of college, the student has concluded that the marginal:
A. benefits of attending college are greater than the marginal costs. B. costs of attending college will be subsidized by someone else such as parents or the government. C. costs of attending college have increased that year. D. benefits of attending college have decreased that year.
If bankers become more uncertain regarding future deposits and withdrawals and choose to hold more excess reserves against deposits, the money multiplier will increase
Indicate whether the statement is true or false