Prohibiting the use of "dirty" fuels by industry is an example of
a. voluntarism.
b. direct controls.
c. taxes on emissions.
d. none of the above.
b
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Point D in the above PPF figure is
A) an attainable production combination with unemployed resources. B) a production combination that can be attained once resources are fully employed. C) an unattainable production combination. D) a tradeoff. E) More information is needed to determine which of the above answers is correct.
What is the difference between an "increase in demand" and an "increase in quantity demanded"?
A) An "increase in demand" is represented by a movement along a given demand curve, while an "increase in quantity demanded" is represented by a rightward shift of the demand curve. B) There is no difference between the two terms; they both refer to a movement downward along a given demand curve. C) An "increase in demand" is represented by a rightward shift of the demand curve while an "increase in quantity demanded" is represented by a movement along a given demand curve. D) There is no difference between the two terms; they both refer to a shift of the demand curve.
When the price ceiling on eggs is lifted, there is a shortage of eggs in the market
a. True b. False Indicate whether the statement is true or false
Remember the story in the text? Determine which is the most reasonable conclusion to the following scenario: Suppose Brian Moseley, watching David Letterman on TV one night, sees a Rock Classics commercial for five Billy Bragg CDs and decides to get them. He writes a check for $49.95 on his bank, the First National Bank of Cincinnati, and mails the check to Rock Classics in Athens, Georgia. Brian
Moseley a. will never receive his CDs because checks are not allowed to cross Fed districts b. will have to wait several months for the Atlanta Fed to consult with the Cleveland Fed to see if he is creditworthy c. will likely receive his CDs in a timely fashion after his check goes through Rock Classics, the First National Bank of Cincinnati, the First National Bank of Athens,the Atlanta Fed, and the Cleveland Fed d. must personally contact the Atlanta Fed to make them aware that they will have an upcoming transaction of less than $100 with the Cleveland Fed e. must cancel his check and try a credit card order because of the lack of security between Federal Reserve Banks