Which of the following will reduce the supply of motorcycles?
a. An increase in the population age 16 to 35, the primary consumers of motorcycles.
b. An increase in taxes imposed on motorcycle producers.
c. A technological improvement reducing the production costs of motorcycles.
d. A government study that reveals motorcycle riders, on average, live 10 years longer than those who don't ride motorcycles.
b
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At a given point in time, if all past deficits and surpluses were added, we would get the
A. Ricardian model. B. debt. C. crowding-out model. D. total amount of excess burden.
Which of the following factors that affect our well-being does GDP fail to adequately account for?
a. changes in the quality of goods b. externalities c. leisure d. all of the above
Consider the following data: currency (held outside banks) = $354 billion, checkable deposits = $250 billion, traveler's checks = $4 billion, small-denomination time deposits = $200 billion, savings deposits = $100 billion, retail money market mutual funds = $160 billion. M1 equals __________ billion and M2 equals __________ billion
A) $608; $1,068 B) $708; $1,038 C) $708; $948 D) $694; $1,038 E) none of the above
"Remittances" occur when:
A. two countries send immigrants to each other in approximately equal numbers. B. physical capital flows into a country that has lost labor due to migration. C. immigrants send financial payments back to family in their country of origin. D. migrants return to their home country.