Table 9.4 represents 3 markets for used motorcycles. Which of the markets in Table 14.4 are NOT in equilibrium?
A. 1 only
B. 2 only
C. 3 only
D. 1 and 3
Answer: D
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The president has influence on Federal Reserve policy because
a. he can veto any Fed policy. b. he appoints the board members and the chair. c. he can fire the chair. d. he can replace board members at any time.
The convergence hypothesis suggests that poor countries may close the income gap with rich countries.
Answer the following statement true (T) or false (F)
Suppose Johnson's Rubber Factory belches black smoke into the air over the city of Bellowsville. If the city of Bellowsville attempts to internalize the external costs associated with the production of rubber with a pollution tax, we can expect:
A. the price of rubber not to change. B. the price of rubber to increase. C. the quantity of rubber demanded to increase. D. no change in the quantity of rubber demanded.
There is much agreement among policy analysts and researchers that the 1996 welfare reform has failed
a. True b. False