Which of the following is a positive question?
A. Is society better off if we restrict trade with other countries?
B. Should we increase taxes on the rich or the middle class?
C. Will an increase in the minimum wage cause more unemployment for teenagers?
D. Should the government provide health care?
C. Will an increase in the minimum wage cause more unemployment for teenagers?
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Use the following figure to answer the question below. The combination of sixty-five pounds of corn and sixty-five pounds of green beans is
A. attainable. B. not attainable. C. efficient. D. not efficient.
If the U.S. real exchange rate is 125, the U.S. price index is 140, and the Japanese price index is 165, what is the yen to dollar exchange rate?
A) 106.06 B) 125.65 C) 147.32 D) 184.80
The guiding principle for the conduct of monetary policy that held that as long as loans were being made for "productive" purposes, then providing reserves to the banking system to make these loans would not be inflationary became known as the
A) free reserves doctrine. B) Benjamin Strong doctrine. C) efficient liquidity doctrine. D) real bills doctrine.
The financial system is made up of the:
A. institutions that bring together savers, borrowers, investors, and insurers in a set of interconnected markets where people trade financial products. B. government's offices that keep watch over all transactions conducted between savers and lenders. C. government's offices that regulate over all transactions conducted between borrowers and savers. D. government and monetary authority.