The figure shows the market for college education. If the market for education is competitive and with no government intervention, the equilibrium quantity of college students is ________ million and the efficient quantity of college students is
________ million. A) 2; 4
B) 8; 2
C) 8; 4
D) 4; 8
E) 0; 10
D
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Which of the following is the most important protection against fears of bank collapse?
a. The Federal Reserve. b. The Federal Reserve Open Market Committee. c. The Federal Deposit Insurance Corporation. d. The gold and silver that backs Federal Reserve notes.
The Drinking Water State Revolving Fund (DWSRF)
a. was established under the Safe Drinking Water Act of 1974 b. received no additional funding from the American Recovery and Reinvestment Act c. initially authorized $1 billion per year for infrastructure improvements d. all of the above
Which of the following is not a source of productivity gain?
A. Technological advance. B. Higher skills. C. Improved management. D. Economic growth.
Which of the following is an appropriate monetary policy if the Fed wants to increase the money supply?
A. an increase in the required reserve ratio B. an increase in the discount rate C. purchases of bonds in open market operations D. an increase in taxes on interest income