The M1 money supply consists primarily of:
a. savings deposits
b. certificates of deposit.
c. miscellaneous near-monies.
d. checkable deposits.
e. money market mutual fund accounts.
d
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Which of the following is true?
i. Comparative advantage drives international trade. ii. Compared to a no-trade situation, imports make domestic producers better off. iii. Tariffs lower the domestic price of imported goods. A) Only i B) Only ii C) Only iii D) i and ii E) i and iii
If a tariff is imposed on imports of shrimp into the United States, U.S. producer surplus from shrimp will ________ and U.S. total surplus from shrimp will ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease E) increase; not change
The information in the table above gives the 2012 reference base period CPI basket and prices used to construct the CPI for a small nation. It also has the 2013 prices. What is the value of the CPI for the reference base period, 2012?
A) 140 B) 133 C) 100 D) 75
The US state and local governments gains revenue from:
a. property taxes. b. revenue from money creation. c. customs. d. all of the above.