If the Federal Reserve wished to engage in expansionary monetary policy, it could
A. sell government debt.
B. lower the federal funds rate target.
C. raise the reserve ratio.
D. raise the primary credit rate.
Answer: B
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A country undertakes a revaluation in order to
A) decrease its net exports. B) move to a flexible exchange rate system. C) lower the value at which its currency is pegged. D) increase its net exports.
A loud band plays a concert late at night in a neighborhood park. The noise produced by the band that keeps the neighbors not attending the concert awake is
A) only a private cost. B) only an external cost. C) both a private cost and an external cost. D) neither a private cost nor an external cost. E) a private benefit because the neighbors get to hear the band.
An indifference curve represents the collection of goods and services that an individual has no desire to consume
Indicate whether the statement is true or false
In the above figure, what are the equilibrium price and quantity?
A. $10 and 200 units B. $40 and 200 units C. $30 and 100 units D. $50 and 100 units