Which of the following is not included in M1?
A. Savings account balances at a federal savings bank.
B. Credit union share drafts.
C. Transactions account balances at mutual savings banks.
D. Currency in circulation outside of commercial banks.
Answer: A
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In this case, the abatement level associated with benefit-based standards would be:
Suppose that the costs and benefits of achieving water quality in New York are modeled as shown below. Use these relationships for any or all of questions 14 through 16. MSB = 80 – 2A MSC = 20 + 2A TSB = 80A – A2 TSC = 20A + A2, where A is the abatement level for conventional pollutants. a. 40 c. 10 b. 15 d. none of the above
Ingrid has been waiting for the show "Mamma Mia!" to come to town. When it finally does come, tickets cost $60. Ingrid's reservation price is $75. But when Ingrid tries to buy a ticket, they are sold out. Suppose Steven was able to purchase a ticket at the box office for $60. Steven's reservation price for the ticket is $65. If Steven attends "Mamma Mia!" and Ingrid does not, then this situation is:
A. efficient because Steven arrived at the ticket counter before the show was sold out. B. inefficient because Ingrid would have enjoyed the show too. C. efficient because Steven paid less for the ticket than his reservation price. D. inefficient because Steven and Ingrid could have made a mutually beneficial trade.
An increase in household income for a good that is considered inferior would
A. move its demand curve to the right. B. cause a movement along the demand curve to a (lower price, higher quantity) point. C. move its demand curve to the left. D. cause a movement along the demand curve to a (higher price, lower quantity) point.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.