Which of the following is not a negative externality?
a. smog
b. noise pollution
c. substandard housing
d. majority voting
d
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Banks with excess reserves will supply more reserves to the federal funds market as the interest rate increases
Indicate whether the statement is true or false
A decrease in the price level causes a lower equilibrium quantity demanded.
Answer the following statement true (T) or false (F)
Technology can enable producers to economize on:
a. labor b. capital c. land d. any of the above.
If the law of diminishing marginal product holds true and workers emigrate from Haiti, the marginal product of the workers remaining in Haiti will:
A. fall because fewer workers are working with the same amount of capital. B. fall because more workers are working with the same amount of capital. C. rise because fewer workers are working with the same amount of capital. D. rise because more workers are working with the same amount of capital.