From 2002 to 2014, long-term debt at four-year public institutions of higher education
A. doubled.
B. increased four-fold.
C. decreased by half.
D. remained constant.
Answer: B
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The spot rate is the rate at which foreign currencies will be exchanged a specified number of days in the future
Indicate whether the statement is true or false
If a society relies on competitive markets to allocate goods, then
A) an equitable distribution is assured. B) an equitable distribution is certain to not occur. C) the competitive equilibrium will be Pareto superior to any other. D) social welfare as measured by consumer surplus plus producer surplus will equal zero.
For an individual who has special talent as an entertainer, a large proportion of his salary can be considered
A) a fixed cost. B) economic rent. C) a payment below opportunity cost. D) non-taxable income.
Some have argued that the Federal Reserve looked at the wrong indicator of monetary policy, and that the Fed mistakenly thought that monetary policy was "easy" because ______
a. the stock of money had grown rapidly b. the monetary base had grown rapidly c. market interest rates were low d. bank reserve ratios were low