The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 required which of the following to be traded in established, regular markets?
A. Equities
B. Derivatives
C. Corporate bonds
D. Equities, derivatives, and corporate bonds.
Answer: B
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How is the current demand for a good related to its future price?
a. If the price is expected to drop, current demand will fall. b. If the price is expected to drop, current demand will rise. c. If the price is expected to rise, current demand will fall. d. Current demand is not related to future price.
The short-run aggregate supply curve is upsloping because higher price levels:
A. lower interest rates and encourage firms to invest and produce more. B. create incentives to expand output when resource prices are unresponsive to price-level changes. C. encourage importation of foreign goods. D. create an expectation among producers of still higher price levels.
One of the aims of positive economics is to rank policies under consideration from most desirable to least desirable.
Answer the following statement true (T) or false (F)
A crucial national income accounting identity sets the government budget deficit equal to
A) S - I - NX. B) S + I - NX. C) S - I + NX. D) S + I + NX.