________ is necessary to "balance" the BOP statement
A) Reserve inflow
B) Statistical discrepancy
C) Debit transaction
D) Credit transaction
B
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Milo drives to work 30 miles on the freeway every day. Briefly explain what type of spillover Milo’s actions are creating, and explain why it is this type of spillover and how it influences others.
What will be an ideal response?
The constrained supply of labor refers to the amount a household ________ in a given period at the current wage rate.
A. is forced to work B. would like to work C. actually works D. chooses not to work
As Judy moves down along her budget line, ________
A) the opportunity cost of the good measured along the x-axis increases B) the opportunity cost of the good measured along the y-axis increases C) her income decreases D) her income does not change and neither does the relative price of the goods
Which of the following statements about central bank structure and independence is TRUE?
A) In recent years, with the exception of the Bank of England and the Bank of Japan, most countries have reduced the independence of their central banks, subjecting them to greater democratic control. B) Before the Bank of England was granted greater independence, the Federal Reserve was the most independent of the world's central banks. C) Both theory and experience suggest that more independent central banks produce better monetary policy. D) While the European Central Bank is independent, it is not as independent as the Federal Reserve.