If technological advancements reduce the cost of pollution abatement, all else equal:
A. the price of a pollution permit will fall.
B. the price of a pollution permit will increase.
C. the government will be forced to issue more permits.
D. the government will be forced to issue fewer permits.
Answer: A
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The process of money creation by the banking system is limited, in part, by the
A) Comptroller of the Currency. B) number of depositors. C) laws passed each year by the U.S. Congress. D) desired reserve ratio. E) number of banks.
Which of the following schools of thought reject the simple fixed-price model in favor of a model in which the aggregate supply curve is relatively flat at low levels of real GDP and slopes upward as real GDP approaches its potential level?
a. The new Keynesian b. The monetarist c. The traditional classical d. The new classical e. The Marxist
M2 includes:
a. debit cards. b. credit cards. c. mutual insurance policies. d. money market mutual funds.
Anna's Antiques expects to get three bidders for the unique china teacup it sells. Each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability .If three bidders show up at the auction, and two of the bidders are high-value, what would the winning price be?
a. Just above $100 b. $100 c. Just above $70 d. $70