Congress passed the Clean Air Act in 1970. Since this act was passed, emissions of the six main air pollutants
A) have increased significantly due to the growth of the U.S. economy.
B) cannot be measured since Congress failed to appropriate money to monitor the level of emissions.
C) have fallen by more than one-half.
D) have remained essentially constant, even though significant economic growth has occurred in the United States since 1970.
C
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If goods imports are greater than goods exports, the nation is experiencing a:
a. negative balance on current account. b. goods trade deficit. c. capital account imbalance. d. weakening of its currency. e. growth in foreign reserves.
Holding all else constant, in the short run, an increase in the money supply can cause a(n)
What will be an ideal response?
Many college campuses use student ID cards as a way for students to pay for on-campus expenses, such as books, photocopies, and food. For convenience, some students will maintain a balance on their ID cards. Are these balances a means of payment? Are they a store of value? Explain why or why not.
What will be an ideal response?
Currency stabilization policy is:
A. successful only if the government can identify the long-run equilibrium value of the exchange rate. B. successful only if the government does not attempt to affect market expectations. C. never successful. D. always successful.