Individuals and government have been contributors in harming the environment.
Answer the following statement true (T) or false (F)
True
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In perfectly competitive industries with identical firms, consumers always end up paying the entire burden of a per-unit tax on output in the long run.
Answer the following statement true (T) or false (F)
High-powered money is
A) total deposits received by banks within the system. B) reserves held by banks to meet withdrawals. C) deposits divided by the reserve holding ratio. D) the reserve holding ratio divided by the level of deposits.
Change in "total factor productivity" may be explained by
A) the relative rates of growth of crime and pollution control measures. B) changes in the quality and composition of the labor force. C) changes in the scale of production. D) All of the above.
Assume one investor bought a 10-year inflation-protected bond with a fixed annual real rate of 1.5 percent and another investor bought a 10-year bond without inflation protection with a nominal annual return of 4.2 percent. If inflation over the 10-year period averaged 3 percent, which investor earned a higher real return?
A. The investor who purchased the inflation protected bond. B. Neither investor earned a positive real return. C. Both investors earned the same real return. D. The investor who purchased the bond without inflation protection.