Lately, the ratio of debt to GDP has been
a. rising at a small rate.
b. rising steadily.
c. falling modestly.
d. staying constant.
b
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Which of the following is an example of an ordinary private good?
A) Furniture B) The Internet C) Water D) Cable TV
Can the Fed manage the federal funds rate?
a. No. It's the rate determined by banks that lend and borrow from each other b. No. It's the rate determined by government c. Yes. They do so by engaging in open market operations d. Yes. They do so by manipulating the discount rate e. Yes. They do so by manipulating the legal reserve requirement
The market supply curve of a good: a. is the horizontal sum of all the individual supply curves of the good. b. is the vertical sum of all the individual supply curves of the good. c. is always steeper than the individual supply curves of the good
d. is always flatter than the individual supply curves of the good.
A tariff is a:
a. limit on the number of goods that can be imported. b. tax on an imported product. c. tax on an exported product. d. limit on the number of goods that can be exported.