If float is predicted to increase because of bad weather, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves
A) defensive; inject
B) defensive; drain
C) dynamic; inject
D) dynamic; drain
B
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Which of the following is NOT shown explicitly in the circular flow model?
A) the governments' purchases in the goods market B) the taxes the governments collect from households C) the governments' interaction with firms D) the legal system E) the transfers the governments make to households
Identify the correct statement
a. Between the 1960s and the 1990s, per capita GDPs grew faster in nonglobalizing countries. b. Between the 1960s and the 1990s, per capita GDPs grew faster in globalizing countries than in industrialized countries. c. Between the 1960s and the 1990s, per capita GDP growth rates in the industrialized world increased. d. Between the 1960s and the 1990s, per capita GDP in the industrialized world decreased. e. Between the 1960s and the 1990s, per capita GDP in all developing countries increased.
Everyone in the neighborhood has been complaining about the deteriorating condition of the park, but nobody has cleaned it up. Why not?
A. There is an excess demand for parks in the neighborhood. B. No single person's benefit from cleaning the park exceeds that person's cost of cleaning it. C. The social benefit of cleaning the park exceeds the social cost of cleaning it. D. There is an excess supply of parks in the neighborhood.
Figure 3-16
Refer to . When the price is P2, producer surplus is
a.
A.
b.
A + C.
c.
A + B + C.
d.
D + E.