Help in financing our federal budget deficit comes from a ________ amount of net exports, which is called ________
A) negative, net foreign investment
B) negative, foreign borrowing
C) positive, net foreign investment
D) positive, foreign borrowing
B
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When the Federal Reserve carries out open market operations, it announces in advance the effect it wishes to have on the federal funds rate
a. True b. False Indicate whether the statement is true or false
The optimization rule for unconstrained optimization is to select that level of activity at which
A. total benefit is less than total cost. B. marginal benefit equals marginal cost. C. marginal benefit exceeds marginal cost. D. total benefit is equal to total cost.
In general, economists are critical of monopoly where there is (are):
A. no natural monopoly. B. persistent economies of scale. C. only a few firms. D. a natural monopoly.
Scalping at major sporting events is an example of
A) a surplus caused by the existence of price ceilings. B) the operation of rationing by the market. C) a black market caused by a price ceiling. D) a black market caused by a price floor.