The Fed's quantitative easing is to purchase ________ to affect credit spreads
A) long-term securities
B) short-term securities
C) both long-term and short-term securities
D) private assets
A
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Which of the following statements concerning pollution is correct?
A) Economic efficiency requires that pollution be completely eliminated. B) Economic efficiency dictates that the optimal amount of pollution arises at the point at which price equals private marginal cost. C) Pollution should be reduced to the point at which the marginal benefit from further reduction equals the marginal cost of further reduction. D) Pollution should be reduced to the extent necessary to return production to the production possibilities frontier.
According to the World Bank, "extreme" poverty is defined as an income per person of less than
A. $2.50 per day. B. $5,000 per year. C. $1.90 per day. D. $29,000 per year.
A country has had its per capital real GDP remain constant for several years. During this period this country
A. may have experienced economic growth if the average hours worked per week have fallen. B. will have an increase in the number of poor people. C. will have experienced an inward shift of the production possibilities curve. D. has not experienced any economic growth.