A nonexcludable public good is
A) rivalrous in consumption and nonexcludable
B) nonrivalrous in consumption and excludable
C) nonrivalrous in consumption and nonexcludable
D) rivalrous in consumption and excludable
E) none of the above
C
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Suppose the reserve ratio is RR. Then,
A) required reserves = RR × excess reserves. B) required reserves = RR × loans. C) required reserves = RR × deposits. D) required reserves = RR × actual reserves.
An unexpected rise in Housing Starts should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
Explain the difference between equality of opportunity and equality of results. Draw an analogy to a football game
What will be an ideal response?
When the real exchange rate for the dollar depreciates, U.S. goods become
a. less expensive relative to foreign goods, which makes exports rise and imports fall. b. less expensive relative to foreign goods, which makes exports fall and imports rise. c. more expensive relative to foreign goods, which makes exports rise and imports fall. d. more expensive relative to foreign goods, which makes exports fall and imports rise.