Refer to the scenario above. Which country has the highest income per capita?
A) Neoland B) Eduland C) Techland D) Ritzland
C
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When the Federal Reserve purchases a government bond from a primary dealer, reserves in the banking system ________ and the monetary base ________, everything else held constant
A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases
What type of economics would most typically deal with aggregates?
A) macroeconomics B) microeconomics C) labor economics D) environmental economics
You want to run a difference-in-difference experiment with a price increase for your lawn chairs in Miami, FL. If you are worried about the "representativeness" of your control group, a good comparison city would be
a. Boston, MA b. San Francisco, CA c. St. Paul, MN d. Tampa Bay, FL
Sugar and honey are substitutes goods for many cooking applications. If the price of sugar rises, we would expect the
a. demand for honey to increase b. demand for honey to decrease c. quantity demanded of honey to decrease d. price of honey to decrease e. quantity demanded of honey to increase