By value, a majority of the assets held by the Fed is in gold.
Answer the following statement true (T) or false (F)
False
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Which of the following would not be an example of a nonproductive activity creating social losses?
a. Accountants seeking methods of tax avoidance for their clients. b. Lawyers engaged in litigation that would transfer money from one group to another. c. Lawyers hired to assist two parties in writing a contract. d. Lobbyists seeking laws that would transfer public lands to private parties without any payment.
Since the marginal product of labor can increase initially as I hire more workers, demand for labor is also upward sloping for the initial workers I hire.
Answer the following statement true (T) or false (F)
The above figure shows the market for apples. If the government restricts output to no more than 300 pounds, then
A) 300 pounds of apples will be sold at $3. B) 200 pounds of apples will be sold at $3. C) no apples will be sold. D) None of the above.
If the dollar appreciates, it can be said that: a. foreigners respect the United States more
b. other currencies depreciate. c. it increases in value within the United States. d. other currencies also appreciate.