Which of the following tools of commercial policy acts as a quantitative restriction on imports?
a. Tariff
b. Subsidy
c. Health and Safety regulations
d. Quota
e. Government procurement
d
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The labor force includes people who
i. are less than 16 years of age. ii. are in institutions. iii. are actively seeking a job but do not have a job. A) i, ii, and iii B) i only C) iii only D) i and ii E) i and iii
Suppose that from a new checkable deposit, First National Bank holds eight million dollars on deposit with the Federal Reserve, one million dollars in required reserves, and faces a required reserve ratio of ten percent
Given this information, we can say First National Bank has ________ million dollars in excess reserves. A) two B) eight C) nine D) ten
The firm would have a better bargaining position in the negotiations if
a. It can hire the non union "scabs" at a better wage b. The union has younger workers who cannot afford to be off work c. The union has a strike fund to pay workers during work stoppage actions d. Only A&B
When the government reduces my income tax by $0.30 for every $1.00 that I contribute to a charity, the government is effectively
a. alleviating the negative externalities that are associated with charitable giving. b. imposing a negative externality on those who do not pay income taxes. c. encouraging a private solution to a positive-externality problem. d. encouraging a private solution to a negative-externality problem.