Government printing of money to finance government spending is called
A) irresponsible.
B) an open-market purchase.
C) sterilization.
D) seigniorage.
D
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Refer to Figure 2-9. What is the opportunity cost of producing 1 snow cone in Iceland?
A) 2/3 of a popsicle B) 3/4 of a popsicle C) 1 1/2 popsicles D) 180 popsicles
Suppose biochemists discover an enzyme that can double the amount of ethanol that may be derived from a given amount of biomass. Based on this technological development, we expect the:
A) supply curve for ethanol to shift leftward. B) supply curve for ethanol to shift rightward. C) demand curve for ethanol to shift leftward. D) demand curve for ethanol to shift rightward.
A binding price ceiling is: a. set with the aim of increasing the consumer surplus. b. set at the equilibrium price level
c. set below the equilibrium price level. d. set above the equilibrium price level.
A tax on the buyers of sofas
a. increases the size of the sofa market. b. decreases the size of the sofa market. c. has no effect on the size of the sofa market. d. may increase, decrease, or have no effect on the size of the sofa market.