A country that increased its literacy rate and thereby its average human capital would probably
A. Increase GDP.
B. Have not impact on GDP.
C. Decrease GDP.
D. None of the choices are correct.
Answer: A
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The interest rate banks charge other banks for overnight loans is
A) the federal funds rate. B) targeted by the FDIC. C) higher than interest rates for securities and loans. D) lower than interest rates for loans, but higher than interest rates for securities.
Other things equal, by decreasing the interest rate paid on banks' required reserve deposits, the Fed can ________ the level of reserves banks are willing to hold, which would result in a(n) ________ in the money supply
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
In the language of economics, the environment is considered a ___________, a good we have to protect
a. Personal good b. Community good c. Natural good d. Aggregate good
Under which conditions might diseconomies of scale result?
A. improved coordination brought about by bureaucracy B. increasing price of inputs C. increasing output prices D. usage of a large amount of indivisible inputs by the firm