Suppose the U.S. government encouraged new teachers to take jobs in underperforming schools by paying the new teachers a $20,000 bonus. These teachers would be exemplifying the economic idea that
A) people are rational. B) people respond to economic incentives.
C) equity is more important than efficiency. D) optimal decisions are made at the margin.
B
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How can the Federal Reserve actually increase the money supply?
A) by delaying transfer of money among banks B) by purchasing more government bonds in the open market C) by doubling the reserve requirement D) by raising the discount rate
What is the current limit on balances that are covered by federal deposit insurance?
A) $100,000 B) $250,000 C) $500,000 D) $1,000,000
What was not one of the causes of hardship for Southern agricultural products in the immediate post-Civil War period (1870-1890)?
a. Increased infestation by boll weevils and other insects. b. Significant withdrawal of women and children from the fields. c. Increased competition from new cotton producers in other areas of the world. d. The loss of the plantation system.
Which of the following is included in the study of macroeconomics?
A. wage rate of Ford's assembly-line workers B. prices of automobiles C. unemployment in the nation D. price of silver and gold