For most workers, work is a source of ________ not ________
a. joy; recognition
b. utility; disutility
c. recognition; earning
d. disutility; utility
d
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Briefly explain the behavior of the Federal Reserve considering a balance of payments disequilibria within a fixed exchange rate system
What will be an ideal response?
Compared to the situation prior to 1980, the top marginal personal income tax rate imposed on the rich is now substantially
a. lower and so is the share of the revenue collected from them. b. higher and so is the share of the revenue collected from them. c. lower, but the share of the revenue collected from them is now higher. d. higher, but the share of the revenue collected from them is now lower.
Suppose the Fed buys government securities from the public. The liquidity effect of this is that the interest rate will
A) increase. B) decrease. C) remain constant. D) any of the above are possible
Assume prices for corn and soybeans have been in decline over the last few months. What are the market impacts of the decline in the price of corn and soybeans on the fed cattle market that uses products from those grains as feed?
A. Increase in the price and a decline in the quantity of fed cattle; B. Increase in the price and an increase in the quantity of fed cattle; C. Decline in the price and a decline in the quantity of fed cattle; D. Decline in the price and an increase in the quantity of fed cattle.