Suppose a loaf of bread sold for $3.00 in 2008 . The price of bread then increases to $3.60 in 2009 . The price index for bread considering 2008 as the base year is _____
a. 1.20
b. 83.33
c. 120
d. 100
e. 20
c
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Typically, when someone borrows money from a bank, M2 ________, because ________
A) increases; the money is held for a while in a liquid form B) decreases; the money is held for a while in a liquid form C) does not change; the loan affects only the subcategories within M2 D) decreases; of the decline in the bank's vault cash E) none of the above
Which of the following could explain an increase in demand for labor?
a. additional training that increases the productivity of each unit of labor in this market b. an increase in the amount of risk associated with this job c. a decrease in the amount of risk associated with this job d. an improvement in the working conditions associated with this job e. a decline in the working conditions associated with this job
Efficient production can be carried out anywhere on or below the production possibilities frontier
a. True b. False Indicate whether the statement is true or false
In general, the largest sources of revenue for state and local governments come from:
a. Sales taxes and property taxes b. Sales taxes and corporate taxes c. Property taxes and individual income taxes d. Individual income taxes and sales taxes