Among countries with Per Capita GDP in 2004 of less than $2,000, the opportunity cost of increased education and literacy for young workers might be measured as
A. increased investment in improved infrastructure.
B. increased consumption among the educated elites.
C. new palaces and more soldiers for the ruling party.
D. shortages of food or health care for the poor.
Answer: D
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The federal funds rate is the interest rate the Fed charges to banks when it lends reserves to them.
a. true b. false
Considering the law of one price, evidence in the foreign exchange markets over brief intervals shows:
A. the law works most of the time. B. the law only works in the very short run. C. this is the closest thing to a perfect law in economics. D. that the law fails most of the time.
A charity that used to arrange matching charitable contributions, but no longer does, is likely to ________ the free-rider problem and lead to a ________ level of contribution to the public good.
A. reduce; smaller B. reduce; larger C. increase; smaller D. increase; larger
Jan heads to the store to buy burgers for dinner. Seeing a sale on hot dogs, she buys those instead. The change in her demand for burgers is due to which factor?
A. Prices of related goods B. Preferences C. Income D. Number of buyers