The following is not an example of risk aversion
a. you lock your garage when you have expensive workshop tools
b. you are more careful when you buy a more expensive car
c. Individuals tend to gamble more with their money when the future is certain
d. you only go swimming when the lifeguard is not on duty
d
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The nine directors of the Federal Reserve Banks are split into three categories:
________ are professional bankers, ________ are leaders from industry, and ________ are to represent the public interest and are not allowed to be officers, employees, or stockholders of banks. A) 5; 2; 2 B) 2; 5; 2 C) 4; 2; 3 D) 3; 3; 3
Which of the following is an instrument of monetary policy?
A) The interest rate on three-month Treasury bills B) The mortgage interest rate C) The discount rate D) The budget deficit
The Nobel Prize winner William Shockley feels strongly that blacks do not have a hereditary racial inferiority in intellectual performance
Indicate whether the statement is true or false
Which of the following is not a reason why marketable permits may fail to achieve efficiency?
a. Some firms can reduce emissions at a lower cost than other firms. b. A market with a small number of buyers and sellers. c. Imperfect information exists on the value of a permit. d. There are concerns about the value of permits in the future.