An appreciation in the U.S. dollar on the foreign exchange market will
What will be an ideal response?
make U.S. experts more expensive to foreigners
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A bank has checkable deposits of $1,000,000, loans of $600,000, and government securities of $400,000. If the required reserve ratio is 5 percent, the amount of required reserves is
A) $100,000. B) $30,000. C) $50,000. D) $80,000. E) $20,000.
In the "Prisoners' Dilemma" game: a. When the prisoners follow their dominant strategy and confess, both will be better off than if both had remained silent. b. a player would be better off if he did not confess and the other player confessed
c. a player would be better off if he confessed when the other player also confessed, but not if the other player did not confess. d. None of the above is true.
If negative externalities are created in the production of a good, then society will:
a. produce too much of the good since the marginal private cost to firms is less than the marginal social cost. b. produce too little of the good since the marginal private cost to firms is less than the marginal social cost. c. produce too much of the good since the marginal private cost to firms is greater than the marginal social cost. d. produce too little of the good since the marginal private cost to firms is greater than the marginal social cost.
Suppose the government is interested in mitigating the effects of CO2 emissions on climate change. Which of the following would be the most effective economic policy for reducing CO2 emissions?
a. A carbon tax levied on polluters per ton of CO2 b. A price floor imposed on the price of CO2 c. A carbon subsidy on polluters per ton of CO2 d. A sternly worded letter from the UN detracting companies who polluting