Most economists believe unions are bad for the economy as a whole
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following changes will cause a downward movement along the demand curve for reserves?
A) A decrease in deposits held by banks B) A decrease in the federal funds rate C) An increase in deposits held by banks D) An increase in the federal funds rate
The figure above shows the supply curve for soda. The market price is $1.00 per soda. The producer surplus from the 20,000th soda is
A) $0.00. B) $0.50. C) $1.00. D) more than $1.00. E) None of the above answers is correct.
Under which of the following conditions will there be no substitution bias in the CPI?
A) Indifference curves are convex. B) Indifference curves are L-shaped. C) Indifference curves are linear. D) Indifference curves are downward sloping.
The balance sheet of a solvent bank will show
a. assets = liabilities ? net worth. b. assets = liabilities + net worth. c. net worth = assets + liabilities. d. liabilities = assets + net worth.