The law of increasing costs mean that when an economy increases the production of one item-
What will be an ideal response?
Answer: the opportunity cost goes up
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During the 20th century, the highest savings rates in the U.S. were observed during
A) the Great Depression. B) World War II. C) the late 1980s and 1990s. D) none of the above.
Which of the following is true of other checkable deposits?
a. They are checking account deposits at commercial banks and do not pay any interest. b. They are accounts at financial institutions that pay interest and give the depositor check-writing privileges. c. They comprise solely of demand deposits at mutual savings banks. d. They are not included in the M1 money supply. e. They are savings deposits that earn interest at savings and loan associations.
In general, pollution exists if
A) people are unconcerned about the hazards associated with pollution. B) there are poorly defined private property rights. C) there are poorly defined common property rights. D) profit-making activity is taken to an extreme.
Since the end of 2008, the Federal Reserve has adopted an unconventional monetary tool called
A) quantitative easing. B) open market operation. C) change required reserve ratio. D) discount loan.