The impact of higher taxes would be examined by
A) a microeconomist.
B) a macroeconomist.
C) both a macroeconomist and a microeconomist.
D) neither a macroeconomist nor a microeconomist.
Answer: C
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A purely self-interested diner is more likely to tip:
A. only when dining in a very up-scale restaurant. B. only when dining in a restaurant at which he often eats. C. always, to assure good service. D. whenever he can afford to.
If Country A can produce an extra plane by giving up two boats, and Country B can produce an extra plane by giving up three boats, then
A) Country A has an absolute advantage in producing planes and a comparative advantage in producing boats. B) The two countries have no incentive to trade with one another. C) Country A would like to trade with B, but B cannot gain by trading with A. D) Country B has a comparative advantage over Country A in the production of planes. E) Country A has a comparative advantage over Country B in the production of planes.
When the European System of Central Banks uses main refinancing operations, it is similar to the Federal Reserve using
A) dynamic open market operations. B) defensive open market operations. C) discount policy. D) reserve requirements.
A higher ________ means that an asset's return is more sensitive to changes in the value of the market portfolio
A) alpha B) beta C) CAPM D) APT