Which of the following is an example of a good that is excludable and nonrivalrous?
a. A fishery.
b. Cable television.
c. Over the air television broadcasts.
d. Disney World.
b. Cable television.
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All of the following are characteristics of public goods EXCEPT
A) Public goods can be used by more people at no additional cost. B) The good can be consumed by everyone at the same time without reducing what is available for anyone else. C) the exclusion principle D) The goods are perfectly divisible.
Which of the following statements is true?
a. The speculative demand for money at possible interest rates gives the demand for money curve its upward slope. b. There is an inverse relationship between the quantity of money demanded and the interest rate. c. According to the quantity theory of money, any change in the money supply will have no effect on the price level. d. All of these.
Interest payments account for about ___ percent of U.S. national income.
A. 1 B. 3 C. 9 D. 12
Suppose that U.S. prices rise 4 percent over the next year while prices in Mexico rise 6 percent. According to the purchasing power parity theory of exchange rates, which of the following should happen?
A. The dollar will be worth 1.5 pesos in the foreign exchange market. B. The peso will be worth 1.5 dollars in the foreign exchange market. C. The dollar will depreciate. D. The peso will depreciate.