When you throw trash out your car window you are creating a
a. consumption external cost
b. production external cost
c. consumption external benefit
d. production external benefit
e. a selfish act
A
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In the Thomas (1954) model,
(a) all nations near the Atlantic Ocean were considered one economic unit. (b) laborers, capital and other resources freely move to those users with the highest net returns. (c) the European economy moved inversely in relation to the U.S. economy and vice versa. (d) all of the above are true.
If prices rise within a country, then, other things equal, the value of a unit of domestic currency will:
a. rise in both the domestic and the foreign exchange markets. b. fall in both the domestic and the foreign exchange markets. c. rise in the domestic market and fall in the foreign exchange market. d. fall in the domestic market and rise in the foreign exchange market. e. fluctuate unpredictably in both domestic and foreign exchange markets.
Tax loopholes
a. reduce the progressivity of the federal income tax. b. encourage particular patterns of behavior. c. include exemption of interest earned on municipal bonds. d. All of the above are correct.
The money multiplier will be smaller when:
A. bank customers prefer to hold a bigger amount of their money as cash (instead of in their checking account). B. banks prefer to lend out 9 percent of their excess reserves instead of 90 percent. C. when the marginal propensity to save declines. D. when the reserve ratio decreases.