Which of the following activities creates a negative externality?
A) cleaning up a public garden in your neighborhood
B) graduating from college
C) keeping an old refrigerator on your front porch
D) using a pooper-scooper every time you walk your dog
C
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Relationship-specific exchange:
A. occurs because of specialized investments. B. reduces worker shirking. C. makes firms use spot markets. D. is a consequence of profit sharing.
Contractionary policies are government policies that
A) decrease aggregate supply. B) increase aggregate supply. C) increase aggregate demand. D) decrease aggregate demand.
Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on deposit with the Federal Reserve, and one million dollars in required reserves
Given this information, we can say First National Bank has ________ million dollars in excess reserves. A) three B) nine C) ten D) eleven
Which of the following is an example of a positive statement?
a. If drug prices increase, the government should offer free drugs to seniors. b. If income taxes increase, the government should offer rebates. c. If the price of apples increases, stores should put them on sale. d. If the price of movie tickets increases, theatrical attendance will decrease.