If it costs $2,000 to pick up all the litter along a 100-mile stretch of highway, then the cost of the negative externality associated with the litter is
a. $0
b. more than $0, but less than $2,000
c. $2,000
d. more than $2,000 . but finite
e. infinite
C
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Each person who is 16 years or older is considered to be in one of the following categories:
A. part-time worker, full-time worker, or unemployed. B. employed, unemployed, or discouraged worker. C. part-time worker, full-time worker, or out of the labor force. D. employed, unemployed, or out of the labor force.
As the expected future exchange rate for dollars increases
A) the demand for U.S. dollars increases. B) the supply of U.S. dollars decreases. C) both the demand for U.S. dollars and the supply of U.S. dollars increase D) Both answers A and B are correct.
If the economy in the graph shown is currently at point B, and the government enacts contractionary fiscal policy, in the short run the economy will most likely move to point:
A. A
B. It is likely to be unaffected and stay at point B
C. C
D. D
Prior to 1980:
A. nonmember banks did not have to hold non-interest-bearing reserve deposits at the Fed. B. all banks, member or not, had to hold reserve deposits at the Fed in a non-interest-bearing account. C. nonmember banks had to hold non-interest-bearing reserve deposits at the Fed. D. member banks of the Federal Reserve did not have to hold non-interest-bearing reserve deposits at the Fed.