A plan to revitalize the downtown area of a struggling city would fulfill which of the following goals to address poverty and inequality?
A. Economic development
B. Safety nets
C. Redistribution
D. None of these is true.
A. Economic development
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When the Federal Reserve buys Treasury bonds, it is called
A) a swap. B) an open market operation. C) a bond roll-over. D) bonding.
In 1990 the UN placed trade sanctions on Iraqi oil. In 1996, Iraq was allowed limited export of oil to make war reparations. What was the predicted effect of the two events on equilibrium price and quantity of oil?
A. The price rose initially, then fell (failing to regain its former losses); quantity rose, then fell B. The price fell initially, then rose (failing to return to its former low level); quantity fell and then rose C. The price rose initially, then fell (failing to regain its former losses); quantity fell and then rose D. The price fell initially, then rose (failing to return to its former low level); quantity rose and then fell
If the marginal cost of the 100th unit is $3.25, the total cost of producing 100 units is $825, and the fixed cost is $500,
A. average variable cost is higher than marginal cost. B. marginal cost is falling. C. average variable cost is at its minimum. D. average total cost is increasing.
Policymakers can neutralize:
A. only demand shocks. B. supply shocks in both the short run and the long run. C. supply shocks, but only in the long run. D. supply shocks, but only in the short run.