A resource that is publicly owned and allocated under a system of unrestricted access is known as
(a) a socialist resource.
(b) a collective resource.
(c) a common property resource.
(d) a transferable resource.
C
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If home prices are falling, consumers purchasing a home will find their purchasing power of money has increased. This benefit to consumers is called the
A) home equity effect. B) inflation effect. C) wealth effect. D) multiplier effect.
Saving by households
A) decreases when the real interest rate rises. B) increases when the real interest rate rises. C) increases when the real interest rate falls. D) is unaffected by the real interest rate.
If the reserve ratio is 12.5 percent, then $5,600 of money can be generated by
a. $64 of new reserves. b. $448 of new reserves. c. $700 of new reserves. d. $800 of new reserves.
If beginning stocks for 2014/2015 are adjusted upward in the May (2014) WASDE report, then the estimate of the supply of corn for 2014/15:
a. Is decreased b. Is increased c. Is not affected by the adjustment