The parity price ratio in the 1990s is
a. approximately 100 percent of the 1910–1914 ratio
b. less than the 1980s ratio but higher than the ratio of previous decades
c. less than the ratio of previous decades
d. approximately twice the ratio of the 1980s
e. actually negative
C
You might also like to view...
A 100 acre wood used by four people for collecting firewood is common property. The socially efficient use of the wood could be achieved by assigning property rights
a. only if they go to whichever of the four most values the wood. b. only if they are divided equally among all four users. c. only if the are divided according to those who have been using it the longest. d. to any of all of the four.
A supply curve reveals:
A) the quantity of output consumers are willing to purchase at each possible market price. B) the difference between quantity demanded and quantity supplied at each price. C) the maximum level of output an industry can produce, regardless of price. D) the quantity of output that producers are willing to produce and sell at each possible market price.
Which of the following will be observed if the Fed raises the reserve requirement?
a. The deposit expansion multiplier will fall b. The discount rate will decline c. The interest rate ceilings will fall d. Excess reserves will increase e. Money supply will increase
Answer the following statement(s) true (T) or false (F)
1. Relative to mobile sources, stationary sources are bigger emitters of sulfur oxides. 2. Acidic compounds are formed from a chemical reaction in the earth’s atmosphere, involving sulfur dioxide, nitrogen oxide, water vapor, and oxidants. 3. Acid rain is a local pollution problem. 4. Of the two major pollutants responsible for acid rain, sulfur dioxide (SO2) is the more significant. 5. Major sources of SO2 emissions are automobiles and other mobile sources.