To two hunters, a deer running in a forest is
A) nonrival and nonexcludable.
B) nonrival and excludable.
C) rival and nonexcludable.
D) rival and excludable.
C
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In economics, what does CPI stand for?
A) Continuous Price Inflation. B) Central Price Information. C) Consumer Price Index. D) Collateral Price Inflation.
In the period of U.S. economic history known as the Great Depression, the rate of inflation was generally
a. trending upward. b. positive. c. uncertain. d. negative.
Economist A argues that a "dollar spent is a dollar spent." This economist is most likely to agree with which of the following:
A) What matters is that government increase spending and what it spends the money on doesn't matter as much. B) What matters is that government increase spending and what it spends the money on matters quite a bit. C) What matters is that government cut taxes and what taxes it cuts matters little. D) What matters is that government raise taxes and what taxes it raises matters little. E) none of the above
Which of the following would most likely induce the Federal Reserve to conduct expansionary monetary policy? A significant decrease in
A) oil prices. B) business taxes. C) income tax rates. D) investment spending.