Which of the following is a tool of monetary policy?
A. Buying and selling government bonds
B. Making loans to banks
C. Setting reserve requirements
D. All of the above are tools of monetary policy.
D. All of the above are tools of monetary policy.
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Microcomputer software is a pure public good
a. True b. False
Which of the following is the best example of scarcity?
A. Fred only gets a one-hour lunch break and each day must decide between working out at the gym or socializing with his colleagues. B. The local market's buy-one-get-one-free sale on strawberries results in more people wanting the berries than producers are able and willing to supply. C. The Talking Teddy is a surprise holiday hit, resulting in long lines of consumers trying to purchase the limited number of available Teddies. D. Pokemon Go is the most popular cell-phone app that can be downloaded free from an app store.
If a donut shop runs a special and sells a dozen donuts for $3.00, Tarik buys a dozen donuts each week. If donuts are not on special and the price is $6.00 per dozen, Tarik buys no donuts each week. Which of the following is true?
A. Tarik's utility from a dozen donuts is greater than $6.00. B. The value of Tarik's utility from a dozen donuts is at least $3.00 and less than $6.00. C. Tarik's utility from a dozen donuts is less than $3.00. D. Tarik's demand for donuts is inelastic.
Ceteris paribus, if structural unemployment increases, the economy is
A. Outside the production possibilities curve. B. On the fixed production possibilities curve. C. On the production possibilities curve that shifts inward. D. Inside the production possibilities curve.