If there is freeway congestion at 8 a.m., we can reduce (or eliminate) the congestion by
A) building more freeways.
B) raising the price to drive on the freeway at 8 a.m.
C) encouraging workers to carpool..
D) a and b
E) a, b, and c
E
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The principle of equal opportunity is an example of:
A. an outcome-oriented notion of equity. B. a process-oriented notion of equity. C. utilitarianism. D. Rawlsianism.
From the 1950s through the 1970s, the Fed
a. favored controlling the money supply over controlling the interest rate b. did not seem to favor either control over the money supply or the interest rate c. favored controlling the interest rate over controlling the money supply d. controlled whichever target that government did not control at the time e. based its control policy—the interest rate or the money supply—on the value of the dollar vis-à-vis other currencies
If a budget surplus leads to a decrease in U.S. real interest rates, the lower rates will tend to cause
a. the dollar to appreciate. b. the dollar to depreciate. c. a decrease in private investment. d. a decrease in net exports.
Which or the following events would unambiguously cause a decrease in the equilibrium price cotton shirts?
A) An increase in the price of wool shirts and a decrease in the price of raw cotton. B) A decrease in the price of wool shirts and a decrease in the price of raw cotton. C) An increase in the price of wool shirts and an increase in the price of raw cotton. D) A decrease in the price of wool shirts and an increase in the price of raw cotton.