Every citizen in the United States should be required to become licensed to carry a firearm for the sake of protection. This statement is best described as
A. a positive statement.
B. an implication of an efficient market.
C. a normative statement.
D. a marginal statement.
Answer: C
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In the United States, the Federal Reserve pursues an inflation targeting policy of keeping inflation below 2 percent
Indicate whether the statement is true or false
In a payoff matrix for a three-player game, one player picks the row, another picks the column, and the third picks the page
Indicate whether the statement is true or false
When commercial banks borrow from other commercial banks, the immediate impact is that reserves in the banking system
A) increase. B) decrease. C) are unaffected. D) first increase, then decrease. E) first decrease, then increase.
If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.