If mining companies are indifferent between operating and not operating a quarry, that quarry is
A. discounted.
B. usurious.
C. marginal.
D. nonexcludable.
Answer: C
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A discouraged worker is one who:
a. is underqualified for the current job. b. dislikes the current job but is afraid to quit. c. drops out of the civilian labor force because he/she cannot find a job. d. quits his/her job because the possibility of advancement was very low. e. is overqualified for the current job.
In 1936, when the Fed doubled the reserve requirements, bank executives:
A. allowed their excess reserves to decline. B. maintained the level of excess reserves desired by the Fed. C. increased excess reserves to the level prior to the change in requirements. D. increased lending from remaining reserves, causing inflation.
Which of the following tools of monetary policy has not been used since 1992?
A. Interest on reserves. B. The reserve ratio. C. Open-market operations. D. The federal funds rate.
According to the Economic Freedom Index,
A) countries with the lowest economic freedom enjoyed the highest per capita GDP. B) countries with the highest economic freedom enjoyed the lowest per capita GDP. C) countries with the highest economic freedom enjoyed the highest per capita GDP. D) there is no relationship between economic freedom and per capita GDP.