The Fed can reduce the money supply by reducing
A. the monetary base.
B. the discount rate.
C. the currency-deposit ratio.
D. reserve requirements.
Answer: A
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The figure above shows Kaley's marginal benefit from swimming with manatees and Scott's marginal cost of providing manatee swimming tours. If Scott offers two swim tours per week, he incurs a marginal cost of
A) more than $30. B) $30. C) $20. D) $10. E) $2.
To achieve the socially optimal level of pollution, the biggest polluters should be targetted for the greates reduction in pollution
a. True b. False
If income in Africa increases by 4% and demand for poultry increases by 8%, then the income elasticity for poultry demand in Africa is projected to be:
a. -0.8 b. 0.8 c. 2 d. 1.25 e. 1.50
Refer to the graphs shown. Assume the graph reflects demand in the automobile market. Which arrow best captures the impact of increased gasoline prices on the automobile market?
A. A B. B C. C D. D