Which of the following statements is most correct?
A. The ECB and FOMC are equally successful at keeping the target rate in range.
B. The ECB is more successful at keeping the market rate closer to the target rate than the FOMC until the Fed began paying interest on reserves .
C. The FOMC is more successful at keeping the market rate closer to the target rate than the ECB until the Fed began paying interest on reserves.
D. The ECB seldom has the market rate close to the target rate.
Answer: B
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Recently, many cities have attempted to pass laws taxing the sale of sugary drinks such as soda pop. If one of these laws passes, we would expect
A) the supply curve for soda pop to shift to the right. B) the supply curve for soda pop to become more vertical. C) the demand curve for soda pop to shift to the right. D) the demand curve for soda pop to shift to the left.
The labor force is the sum of
A) employed workers and discouraged workers. B) employed workers and unemployed workers. C) employed workers and individuals not looking for work. D) unemployed workers and the working-age population.
A profit-maximizing monopolist earns an economic loss whenever
A) it pays taxes to the government on each unit of output it produces. B) the price it charges for its product exceeds average total cost. C) the demand curve lies completely below the ATC curve. D) it produces along the elastic portion of a demand curve.
Answer the following questions true (T) or false (F)
1. The overall mortality rate in the United States has declined for the past 35 years. 2. Over time, people in the United States and other high-income countries have, on average, become taller, which is an indication that their nutritional status has improved. 3. A majority of people in the United States have private health insurance.