Which of the following is a flow variable?
a. the number of cars registered in the U.S.
b. the number of unemployed workers this week
c. your total net worth yesterday
d. the government debt this year
e. a salary of $4,000 per month
E
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The optimal quantity of pollution control occurs where: a. pollution equals zero
b. the total benefit of pollution control equals the total cost. c. the marginal social benefit of pollution control just equals the marginal social cost. d. the marginal external cost of pollution equals zero.
Though he has retired as a professional football receiver, Jerry Rice still earns a sizeable annual income from endorsements. His economic rent is so high because
A. football fans tend to spend a substantial amount of money on sports memorabilia. B. there is still a high demand for his star appeal. C. he is a successful coach in the National Football League. D. people do not like NFL players.
There are two types of open market operations: ________ open market operations are intended to change the level of reserves and the monetary base, and ________ open market operations are intended to offset movements in other factors that affect the
monetary base. A) defensive; dynamic B) defensive; static C) dynamic; defensive D) dynamic; static
________ in the foreign interest rate causes the demand for domestic assets to shift to the ________ and the domestic currency to appreciate, everything else held constant
A) An increase; right B) An increase; left C) A decrease; right D) A decrease; left