What is protectionism in the domestic economy?
a. forcing foreign consumers to subsidize domestic producers
b. forcing producers to subsidize consumers
c. forcing consumers to subsidize producers
d. forcing foreign consumers to subsidize foreign producers
c. forcing consumers to subsidize producers
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The opportunity cost of any action is
A) all the possible alternatives given up. B) the highest-valued alternative given up. C) the benefit from the action minus the cost of the action. D) the dollars the action cost.
Which of the following is part of "M2" but not "M1"?
A) money market mutual fund shares B) saving deposits C) time deposits (under $100,000) D) all of the above E) none of the above
When the Fed makes bonds more or less attractive, it influences the:
A. Open market decision. B. Money multiplier. C. Portfolio decision. D. Reserve decision.
The Green GDP:
A. tries to capture the environmental effects regular GDP doesn't. B. values negative externalities. C. subtracts the environmental costs of production from the positive outputs normally counted in GDP. D. All of these statements are true.