In the above table, the optimal quantity of clean air is
A. 0 percent.
B. 25 percent.
C. 50 percent.
D. 75 percent.
Answer: C
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A production possibilities curve is plotted for a nation producing cotton and jute. Which of the following will cause a parallel rightward shift of the production possibilities curve?
A) An invention of a new fertilizer that increases cotton production by ten percent, without any effect on jute production B) An invention of a new fertilizer that increases jute production by five percent, without any effect on cotton production C) An invention of a new fertilizer that increases production of both cotton and jute by ten percent D) A two-times increase in the price of all cotton products and a three-times increase in the price of all jute products
Which of the following will not occur as the result of a decrease in net taxes?
A) a shift to the left of the supply curve for loanable funds B) decreased government saving C) decreased household saving D) all of the above
If a bank's liabilities are more sensitive to interest rate movements than are its assets, then
A) an increase in interest rates will reduce bank profits. B) a decrease in interest rates will reduce bank profits. C) interest rates changes will not impact bank profits. D) an increase in interest rates will increase bank profits.
Which of the following is an interest rate target specified in the FOMC directive?
A) Discount rate B) Treasury bond rate C) Federal funds rate D) The prime rate