The fertility rates—the number of children per woman's lifetime—in many DVC (developing countries) are:
A. Rising slowly
B. Rising fast
C. Staying constant
D. Declining
D. Declining
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If production of a good creates an external cost, the amount of output where the marginal social benefit equals the marginal private cost is
A) inefficient. B) inequitable. C) unattainable. D) efficient.
The income effect of a price change refers to the change in the quantity demanded of a good that results from a change in the price of a complementary product
Indicate whether the statement is true or false
If float is predicted to increase because of bad weather, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves
A) defensive; inject B) defensive; drain C) dynamic; inject D) dynamic; drain
Any market that is served by an oligopoly is in effect served by a monopoly
a. True b. False Indicate whether the statement is true or false