When comparing public and private schools, the voluntary choice of going to a private school _____
a. is a Pareto optimal move
b. is a Pareto superior move
c. is neither Pareto optimal nor Pareto superior
d. cannot be evaluated according to the Pareto criteria
b
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The demand deposit multiplier is equal to the
A) reciprocal of the reserve requirement ratio. B) reciprocal of the discount rate. C) inverse of the reserve requirement ratio. D) inverse of the discount rate.
An increase in the money supply leads to a(n):
a. decline in interest rates, an increase in investment, and an increase in aggregate demand. b. decline in interest rates, a decrease in investment, and an increase in aggregate demand. c. decline in interest rates, an increase in investment, and a decline in aggregate demand. d. increase in interest rates, an increase in investment, and an increase in aggregate demand. e. decline in interest rates, a decline in investment, and a decline in aggregate demand.
Which of the following signals the start of a new expansion?
a. A boom period b. A peak c. An inflation d. A contraction e. A trough
The presence of negative externalities leads to a misallocation of societal resources because: a. whenever external costs are imposed on outside parties, the good should not be produced at all
b. less of the good than is ideal for society is produced. c. there are some costs associated with production that the producer fails to take into consideration. d. the government always intervenes in markets when negative externalities are present, and the government is inherently inefficient.