Which of the following would be considered an example of monetary policy?
A. A broad government initiative to reduce the country's reliance on agriculture and promote high-technology industries.
B. A decision by a developing country to reduce government control of the economy and to become more market-oriented.
C. A reduction in income tax rates.
D. Provision of additional cash to the banking system.
Answer: D
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Consider the indifference maps shown above. If eyeglass frames and eyeglass lenses were perfect complements, your indifference curves between them would look like those in
A) Figure A. B) Figure B. C) Figure C. D) Figure D.
Which of the following increases labor productivity?
A) decreases in the availability of computers and factory buildings B) a decline in the health of the population C) inventions of new machinery, equipment, or software D) an increase in the aggregate hours of work
An inferior good is one
a. produced by American industries. b. whose quantity demanded falls when the purchaser's income rises. c. ordinarily bought by college students from college-town merchants. d. suitable for a garage sale.
The theory that the world's population will eventually outrun its food supply was formulated by
A. Robert Gordon. B. Mancur Olson. C. Edward Denison. D. Thomas Malthus.