Macroeconomists would be most likely to study which of the following?
A. average annual earnings of self-employed workers
B. average annual earnings of all employed workers in the United States
C. average annual earnings of doctors
D. average annual earnings of lawyers
Answer: B
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On a bank's balance sheet, "borrowings" are
A) loans to households. B) loans to businesses. C) nondeposit liabilities. D) U.S. Treasury securities.
Rent controls can result in
a. deteriorating or abandoned buildings b. strong incentives to oust protected tenants c. payments to motivate tenants to move out d. benefits to rich people who get a windfall from low rents e. All of the answers are correct.
When the incremental satisfaction derived from an additional unit of a good or service decreases as more is consumed, it is known as: a. consumer equilibrium
b. marginal benefit. c. diminishing marginal utility. d. decreasing opportunity cost.
When commercial banks need more Federal Reserve Notes,
A) they call the Bureau of Engraving and Printing, which delivers the requested amount. B) they call the Board of Governors of the Fed, which delivers the requested amount. C) they ask their customers to exchange their Federal Reserve Notes for U.S. Treasury securities. D) they call the Treasury, which delivers the requested amount. E) they call their Federal Reserve District Bank, which delivers the requested amount.