Which of the following marginal costs might be incurred if society chose to pursue a zero-tolerance policy regarding crime?
a. Education funds would be diverted to crime prevention.
b. Individual privacy protections would be strengthened.
c. People would have to begin growing their own food.
d. Fewer scarce resources would be used for prisons.
a. Education funds would be diverted to crime prevention.
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The study of the choices made by individuals is part of the definition of
A) microeconomics. B) positive economics. C) macroeconomics. D) normative economics.
The president of which Federal Reserve Bank is always a voting member of the FOMC?
What will be an ideal response?
In the Taylor rule, does the target for the federal funds rate respond differently for a recession caused by a decrease in aggregate demand and for a recession caused by a decrease in short-run aggregate supply? Explain whether there is or is not a
difference in how the target for the federal funds rate changes.
Goods that are produced in other countries and then sold domestically are called
A) exports. B) imports. C) tariffs. D) quotas.