One advantage of emissions permits is that they allow the government to choose the level of pollution reduction
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following actions by the Fed would lead to an increase in the money supply?
A) an increase in the differential between the discount rate and the federal funds rate B) an increase in the required reserve ratio C) an increase in tax rates D) the purchase of government securities
According to the Lucas critique, what is the proper way to evaluate a proposal that reduces government borrowing by raising taxes and reducing government spending?
What will be an ideal response?
Assume that the graph below describes the current labor market for nurses in a mid-sized city and that the labor market is perfectly competitive.
Suppose that several years ago the supply of nurses in this city was S0. What might explain the change from S0 to S1?
A. Increased immigration of people trained as nurses in other countries B. An increase in nurses' wages C. Increased employment opportunities outside of nursing D. A decrease in nurses' wages
Relative to the federal government, state and local governments spend a larger share of their funds on:
A. education. B. health. C. defense. D. interest payments.