The slope of the yield curve seems to predict the performance of the economy usually:
A. within a few weeks.
B. with a one-year lag.
C. with a 3-month lag.
D. with a two-year lag.
Answer: B
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An example of a good that creates a positive network externality is:
A. social network websites (e.g. Facebook). B. the telephone. C. a workers' union. D. All of these are examples of good that create positive network externalities.
To calculate the marginal utility of consuming the Nth product:
A. divide total satisfaction from consuming all N products by N. B. subtract total satisfaction from consuming N - 1 products from total satisfaction from consuming N products. C. divide total satisfaction from consuming all N products by the price of the product. D. subtract additional satisfaction from consuming the (N - 1)th production from the additional satisfaction from consuming the Nth product.
If a Pigovian tax is levied on producers, the supply curve will shift:
A. straight down, increasing quantity. B. straight up, decreasing quantity. C. straight down, decreasing quantity. D. straight up, increasing quantity.
During which decade did police officers insist on greater procedural safeguards which have been reflected in statutes enacted in many states, generally known as the Peace Officers Bill of Rights?
A) 1960s B) 1980s C) 1990s D) 2000s