An example of a private good is:
A. national defense.
B. a bottle of perfume.
C. city streets and highways.
D. clean air.
Answer: B
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If float is predicted to decrease because of unseasonably good weather, the manager of the trading desk at the Federal Reserve Bank of New York will likely conduct a ________ open market ________ of securities
A) defensive; sale B) defensive; purchase C) dynamic; sale D) dynamic; purchase
The turnover view of unemployment stresses that
A) most job vacancies have skill requirements not possessed by the unemployed. B) many job vacancies are located in different areas of the country than are the unemployed. C) there exist incentives for workers to refuse to accept jobs. D) there exists racial/and or sex discrimination against some workers.
When inflation occurs, net exports will
a. increase as imports decrease. b. increase as exports increase. c. decrease as imports decrease. d. decrease as imports increase.
The United States imports heavily in all of the following markets except
A. Aluminum. B. Coffee. C. Chromium. D. Aircraft.