Many ecologists argue that several species of whales are close to extinction. If this is TRUE, the reason is
A. whale-killing technology is too productive.
B. the marginal benefit of hunting and killing a whale is greater than zero.
C. whales are a type of common property.
D. inadequate enforcement of international laws.
Answer: C
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The coupon rate of a bond is equal to
A) the interest rate. B) the coupon payment. C) the interest payment. D) the face value.
A sudden, unexpected increase in the economy’s prevailing wage level due to a general strike threat would
a) shift the aggregate demand curve out and push equilibrium prices down b) shift the aggregate demand curve in and push equilibrium output down c) shift the short run aggregate supply curve in and push equilibrium prices up d) shift the Phillips Curve in and increase the natural rate of unemployment e) shift the long run aggregate supply curve out and push equilibrium prices down
The apparent result of central bank independence has been better performing economies. Why do you think it took so long for many countries to create independent central banks?
What will be an ideal response?
Which description of capitalism was coined by Karl Marx?
A. The capitalist is led by an invisible hand to promote an end which was no part of his intention. B. By pursing his own interest he frequently promotes that of the society more effectively than when he really intends to promote it. C. The factory owner, by paying his workers meager wages, is able to use this surplus to buy more capital goods. D. None of these statements were coined by Karl Marx.