Which of the following economic perspectives would be most opposed to a balanced-budget rule?
A. Monetarism
B. Mainstream economics
C. Rational expectations
D. New classical economics
B. Mainstream economics
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Hurricane Katrina destroyed oil and natural gas refining capacity in the Gulf of Mexico in 2005. This drove up the prices of natural gas, gasoline, and heating oil. This is an example of a
A) supply shock. B) demand shock. C) negative externality. D) depression.
Poor people who participate in job training programs are more successful in leaving poverty.
A. True B. False C. Uncertain
Scatterbrain Samantha often forgets to lock her house. This has caused the probability of a burglary to be 30%. If her house gets broken into, she faces a property loss of $10,000, otherwise she gets to keep her $100,000 . What is the minimum price an insurance company could offer (if it had no other costs)?
a. $10,000 b. $3,000 c. $100,000 d. $5,000
Suppose that a five-year Treasury bond pays 2.5 percent and a five-year corporate bond pays 8.5 percent, then what is the interest rate spread on this particular corporate bond?
A. 5 percent B. 6 percent C. 7.5 percent D. 9.0 percent