The first priority of national defense spending is the defense of economic interests abroad
a. True b. False
b
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Diamond rings are relatively scarce because:
A. diamond producers limit the quantity supplied to the market B. the demand for diamonds is so high C. of monopolistic competition D. according to geologists, diamonds are less common than is any other gem-quality stone.
The multiple by which the commercial banking system can increase the supply of money on the basis of each dollar of excess reserves is equal to:
A. the reciprocal of the legal reserve ratio. B. the reciprocal of the velocity of money. C. 1 minus the legal reserve ratio. D. marginal propensity to save.
The inside lags for monetary policy are relatively long compared to those for fiscal policy.
Answer the following statement true (T) or false (F)
If coal-burning electrical utility companies fully internalized pollution costs, then we could expect
A) an increase in electricity prices. B) a decrease in electricity prices. C) no change in electricity prices. D) a greater use of coal to produce electricity.