Pollution is an example of a
A) negative externality B) positive externality.
C) private cost. D) public good.
A
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A time-series graph
A) shows how a variable changes over time. B) uses bars rather than lines. C) shows points in a scatter diagram. D) is similar to a cross-section graph because both can show trends over time. E) is in the shape of a pie.
In the calculation of the CPI, tea is given greater weight than beer if
a. the price of tea is higher than the price of beer. b. it costs more to produce tea than it costs to produce beer. c. tea is more readily available than beer to the typical consumer. d. consumers buy more tea than beer.
When a government partially defaults its debt, a "haircut" of 20% means that
A) creditors receive 20% of what they owed. B) creditors receive 80% of what they owed. C) creditors receive 40% of what they owed. D) creditors receive 10% of what they owed.
The intercept of the Security Market Line at any point in time is determined primarily by:
A. the prime interest rate. B. Federal Reserve monetary policy. C. the average beta of the market. D. investor tolerance of risk.