All of the following are financial institutions that accept deposits and make loans to people and businesses EXCEPT
A) central banks.
B) savings and loans.
C) savings banks.
D) commercial banks.
E) credit unions.
A
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Which of the following is included in the government expenditure component of the expenditure approach to GDP?
A) state government expenditure on local schools B) transfer payments C) changes in inventories D) taxes
In the figure above, international trade ________ total surplus in the United States by ________
A) increases; $1.92 billion B) decreases; $2.56 billion C) increases; $4.8 billion D) decreases; $3.6 billion
When emissions are measured on the horizontal axis, the marginal cost of abating emissions is
A) downward-sloping because emissions become more and more easy to eliminate once the firm makes the initial commitment to do so. B) downward-sloping because a high level of emissions is cheap to attain, and a low level of emissions is expensive to attain. C) upward-sloping because emissions become more and more easy to eliminate once the firm makes the initial commitment to do so. D) upward-sloping because a high level of emissions is cheap to attain, and a low level of emissions is expensive to attain. E) horizontal because the technology to remove emissions is assumed constant.
If expectations of future income become more optimistic, which of the following would occur?
a. Nothing would occur. b. The consumption-income line would shift downward. c. The consumption-income line would shift upward. d. There would be an rightward movement along the consumption-income line. e. There would be a leftward movement along the consumption-income line.