In allocating time between studying French and studying economics,
a. exam points are inferior goods
b. we can think of students "buying" exam points with hours spent studying
c. we can think of students "buying" exam points with money
d. the demand curve for exam points is upward sloping
e. we can think of students "buying" study time for cash
B
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As an absolute amount (billions of dollars), which of the following countries provides the greatest amount of foreign aid?
(a) United Kingdom. (b) United States. (c) Italy. (d) Sweden.
Under the European System of Central Banks, the National Central Banks have the same role as the ________ of the Federal Reserve System
A) Board of Governors B) Federal Open Market Committee C) Federal Reserve Banks D) Federal Advisory Council
When a nation is said to be running a balance of payments surplus, this means its
A) official settlements balance is positive. B) trade balance is positive. C) net financial account balance is positive. D) current account is positive.
If workers are in the backward-bending section of their labor supply curves, than an increase in the income tax rate will
A) increase the tax revenue and increase the number of hours worked. B) increase the tax revenue and decrease the number of hours worked. C) decrease the tax revenue and increase the number of hours worked. D) decrease the tax revenue and decrease the number of hours worked.