The new monetary policy tool that the Fed began using in 2008 is
A. changing the interest rate paid on reserves.
B. putting a tax on all financial transactions.
C. imposing a surcharge on credit cards.
D. borrowing from China.
Answer: A
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If issues can be ranked along a one-dimensional continuum, a successful political candidate will be an individual who is best able to align her political platform to the positions of the median voter
a. True b. False
The increase in output that is generated by an additional unit of input is called the:
A. input-output relationship. B. production function. C. marginal product. D. resource product.
International trade under these conditions
Suppose Canada can produce either 120 units of goods, 80 units of services, or any linear combination thereof. Mexico can produce 90 units of goods, 50 units of services, or any linear combination thereof. a) cannot benefit either country b) can only benefit Mexico c) can only benefit Canada d) can benefit both countries if Canada exports goods and imports services e) can benefit both countries if Canada exports services and imports goods
A decrease in price will lead to an increase in the quantity demanded.
a. true b. false