It can be difficult to define and enforce property rights against damaging pollutants when
a. many polluters are harming one person.
b. many polluters harm the same large group of people with the same pollutant.
c. the harms are difficult to quantify.
d. All of the above are true.
D
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When the Federal Reserve lends reserves to depository institutions, it charges them interest. That interest rate is called the
A) federal funds rate. B) loan rate. C) prime rate. D) discount rate.
If the interest rate is 5% then the net present value of these cash flows is
a. $6,020.41 b. $7,380.95 c. -$7,380.95 d. $10,000
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P4 and Y1. B. P4 and Y2. C. P5 and Y1. D. P5 and Y2.
If your tuition is $20,000 this semester, your books cost $2,000, you can only work 10 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $8,000 this semester (same as if not attending college), then your opportunity cost of attending college this semester is
A. $22,000. B. $22,150. C. $28,750. D. $36,750.