During the economic crisis of 2008, the Fed acquired the authority to
a. pay interest to commercial banks on their reserves.
b. determine the size of the budget deficit or surplus of the Federal Government.
c. require the Treasury to print and issue additional currency.
d. purchase gold in sufficient amounts to back the U.S. dollar.
A
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A polluting source that cannot be identified accurately and degrades the environment in a diffuse, indirect way is a
a. stationary source c. nonpoint source b. point source d. mobile source
A recent study found that it was cheaper to buy a chicken dinner from Kentucky Fried Chicken than it was to prepare it at home. The researcher included all costs including the imputed value of time involved to prepare the meal at home. This study illustrates the
a. value of marginal analysis. b. law of increasing costs. c. difference between real costs and money costs. d. cost disease of the service sector.
The measure of final goods and services produced in the United States is the
A. Per capita GDP in the United States. B. Total sales of all goods during the year. C. GDP of the United States. D. Percentage change in the GDP of the United States.
Since the 1960s, the share of the labor force that is unionized in the United States has
A) increased except for the government sector. B) increased. C) declined. D) declined except in the private sector.