The political problems associated with fixing the CPI are that
A. benefits to the poor would rise.
B. Social Security benefits would rise.
C. Social Security taxes would rise.
D. personal income taxes would rise.
Answer: D
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Typically the largest component of the narrowly-defined money stock in the United States, known officially as M1, is
A) commercial bank reserves. B) currency in commercial bank vaults or the hands of the public. C) demand deposits and savings deposits in commercial banks. D) checking account deposits. E) gold, silver, coins, and paper currency.
Which of the following observations is not true of a budget line?
A. It indicates what choices are available to the consumer. B. It is a curve of constant expenditure. C. Its slope reports the market terms on which the consumer can trade one good for another. D. It helps examine the consumer’s preferences.
Brand loyalty in monopolistically competitive markets manifests itself as
A) upward sloping marginal cost curves. B) downward sloping demand curves. C) downward sloping marginal cost curves. D) upward sloping demand curves.
For US electricity production, what has been historically the greatest source of fuel?
a) coal
b) natural gas
c) nuclear
d) solar
e) wind