Protecting endangered species is NOT an example of a public good because there are no external benefits associated with it.
Answer the following statement true (T) or false (F)
False
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In the U.S. over the last 50 years:
A. imports have grown and exports have fallen. B. both imports and exports have grown dramatically. C. both imports and exports have fallen dramatically. D. the percent of GDP that represents imports and exports has remained fairly steady.
________ was introduced in October 2008 to clean up banks
A) Liquidity facilities B) Wholesale funding C) TARP D) Fire sale
The total amount that the U.S. government spends to support a covered type of health care service under the Medicare system equals
A. the below-equilibrium, out-of-pocket price that consumers pay for the service times the quantity of the service demanded by consumers at that out-of-pocket price. B. the per-unit subsidy provided to producers of that service times the quantity of the service demanded by consumers at a below-equilibrium out-of-pocket price of the service. C. the below-equilibrium, out-of-pocket price that consumers pay for the service times the quantity of the service provided by producers at that out-of-pocket price. D. the per-unit subsidy provided to producers of that service times the equilibrium quantity of the service demanded at the market clearing price that would arise in the absence of Medicare.
The Phillips curve trade-off relationship implies that
A. the government can fine-tune the economy and pick the most preferred combination of unemployment and inflation. B. there is no relationship between inflation and unemployment, at least in the long run. C. low unemployment can be obtained only by generating rapidly increasing inflation. D. the government can fine-tune the economy and generate both the natural rate of unemployment and zero inflation.