Which of the following goods is excludable but not rival in consumption?
a. a congested toll road
b. fire protection in a small town
c. a tornado siren
d. whales in the ocean
b
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If you expect the inflation rate to be 15 percent next year and a one-year bond has a yield to maturity of 7 percent, then the real interest rate on this bond is
A) 7 percent. B) 22 percent. C) -15 percent. D) -8 percent.
________ examines whether one variable affects another by using data to build a model that explains the channels through which this variable affects the other
A) Indirect-model evidence B) Organizational-model evidence C) Reduced-form evidence D) Structural-model evidence
Given the inverse demand function P(Q) = 250 - Q, what is the demand function?
A. Qd = D(P) = 250 - P B. Qd = D(P) = 250/P C. Qd = D(P) = P + 250 D. Qd = D(P) = 250 + P
The purpose of the Supplemental Security Income program is
A. to provide a guaranteed minimum income for all Americans. B. to provide a minimum income for the aged, blind, and the disabled. C. to provide a minimum income for all households with children. D. to supplement Social Security for the elderly with medical problems.