Refer to the diagram. A decrease in quantity demanded is depicted by a:
A. move from point x to point y.
B. shift from D 1 to D 2 .
C. shift from D 2 to D 1 .
D. move from point y to point x.
D. move from point y to point x.
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The crowding-out effect arises when:
A. the progressivity of the tax system decreases, thus decreasing interest rates and net investment spending. B. government borrows in the money market, thus increasing interest rates and net investment spending in the economy. C. the progressivity of the tax system increases, thus decreasing interest rates and increasing net investment spending. D. government borrows in the money market, thus increasing interest rates and decreasing net investment spending.
To totally internalize an externality, a government can levy a tax related only to the physical quantity of pollution if
A. the economic damages associated with the pollution are the same across different locations. B. the economic damages are too large to be determined. C. the economic damages are zero. D. the economic damages associated with the pollution are different across different locations.
Which part of the Federal Reserve System holds reserves of the member banks?
A. The Federal Advisory Committee B. The Federal Open Market Committee C. The Board of Governors D. The 12 Federal Reserve Banks
Unions in general, and teachers' union in particular, prefer that salaries be based solely on ________ of the worker.
A. education and income class B. gender and seniority C. education and seniority D. gender and education