Recall the Application about a South African consumer lender that offered different interest rates in loan offers via mass mailings to answer the following question(s).According to the Application, the number of women who accepted a particular loan offer from the mass mailings ________ when the offer letter included the picture of ________.
A. increased; a man, rather than the picture of a woman
B. increased; a woman, rather than the picture of a man
C. decreased; either a man or a woman
D. was unaffected; either a man or a woman
Answer: D
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Refer to Table 8-3. Consider the data above (in billions of dollars) for an economy: Gross domestic product (in billions of dollars) for this economy equals
A) $2,200. B) $1,600. C) $1,400. D) $1,200.
The equation of exchange states that:?
?a) government spending = taxes plus the federal budget deficit. ?b) the reciprocal of the reserve requirement = the deposit expansion multiplier. ?c) the money supply times the velocity of money = the price level times the quantity of goods and services produced. ?d) the price level times the velocity of money = the money supply times the quantity of goods and services produced.
Price floors are used as a method to:
A. ensure buyers that goods won't be cheaper tomorrow. B. see that production levels don't fall too low. C. guarantee there will be enough food for everyone. D. ensure sellers a minimum price for their goods.
The government is considering levying a tax on the pollution generated from two electric power plants (Plant A and Plant B). Plant A is located in a city with a high density of population, and Plant B is located in the rural area with a low density of
population. The government should A) levy the same tax per unit of pollution on both plants. B) levy a higher tax per unit of pollution on Plant A because of its higher economic damage. C) levy a higher tax per unit of pollution on Plant B because of its lower economic damage. D) tax only Plant A but not Plant B because Plant B generates less revenue.