Checking deposits at banks are
A) money.
B) not money because they are an intangible.
C) money only because they are insured by the FDIC.
D) not money until they are converted into currency.
A
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Suppose Pat's Paints is a perfectly competitive firm. If Pat's Paints' marginal revenue equals $5 per can, and Pat decides to sell 100 cans of paint, Pat's total revenue equals
A) $5. B) $100. C) $500. D) $20. E) Information on the price of a can of paint is needed to answer the question.
Considering the future
A) is irrelevant to macroeconomics. B) is key to macroeconomic modelling. C) has a limited impact on macroeconomic analysis. D) matters only under special circumstances.
U.S. Imports and Exports by Area
- Report the data in a table with 3 columns: "Area", "Exports", and "Imports" Then for each row of your table you will list an area (such as Euro area or Canada), the most recent levels of U.S. exports to and U.S. imports from that area.
- Which regions provide a trade surplus for the United States?
- What is the value of U.S. net exports to Japan?
Suppose that in a particular market, the demand curve is highly elastic, and the supply curve is highly inelastic. If a tax is imposed in this market, then the
a. buyers will bear a greater burden of the tax than the sellers. b. sellers will bear a greater burden of the tax than the buyers. c. buyers and sellers are likely to share the burden of the tax equally. d. buyers and sellers will not share the burden equally, but it is impossible to determine who will bear the greater burden of the tax without more information.