Refer to Figure 2-7. Assume that in response to changing consumer demands, Apple cuts back on the production of traditional vehicles and increases its production of self-driving vehicles. This strategy is best represented by the
A) movement from J to G in Graph B. B) movement from L to K in Graph C.
C) movement from E to F in Graph A. D) movement from H to J in Graph B.
D
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Refer to the table below. According to the Cost-Benefit Principle, how many units of this activity should be carried out?Units ofActivity TotalCostTotalBenefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225
A. 6 B. 3 C. 4 D. 1
If the price level rises, what will happen to the level of real GDP supplied?
A. It will usually decrease. B. It will usually increase. C. Nothing. D. It will decrease at first and then increase.
One way that the government encourages the production of a good with positive externalities is to offer
A. an effluent fee. B. a subsidy. C. a market to pollute. D. a pollution tax.
The four main policy tools the Federal Reserve System uses to influence the interest rate are setting
A) credit easing, the discount rate, setting tax rates, and setting the required reserve ratio. B) the discount rate, open market operations, extraordinary crisis measures and setting the required reserve ratio. C) quantitative easing, open market operations, setting tax rates, and setting the required reserve ratio. D) quantitative easing, market interest rate and the discount rate, as well as open market operations. E) the prime rate, open market operations, extraordinary crisis management and setting the excess reserve ratio.