The Clean Air Interstate Rule (CAIR)
a. established three trading programs, one for SO2 and two for NOX
b. was enacted under the Obama Administration
c. set emissions limits without any accompanying trading program
d. all of the above
e. none of the above
a. established three trading programs, one for SO2 and two for NOX
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The deposit expansion multiplier would decrease if the Fed were to
A) raise the required reserve ratio. B) lower the required reserve ratio. C) lower the discount rate. D) buy bonds.
In the above figure, using the slope across an arc, the slope of the curve between points a and b is
A) 1/2. B) -1/2. C) 2. D) -2.
Is the following a positive or normative statement? The Federal Reserve should set an inflation target and employ policies to meet the target
Assume that for Canada the opportunity cost of producing 1 television set is 2 bushels of wheat. Assume that for the U.S. the opportunity cost of producing 1 bushel of wheat is 2 television sets. All other things being equal:
A. Canada should export televisions and import wheat. B. Canada should export wheat and import televisions. C. the United States should export wheat and import televisions. D. the United States should export televisions and import wheat.