The principal effect of unemployment insurance on the entire U.S. economy is
a. that it spreads the costs of unemployment.
b. that it eliminates the social costs of unemployment.
c. that it reduces the social costs of unemployment.
d. the reduction in the federal debt.
a
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The supply of and demand for bank reserves determines the
A) Treasury bill rate. B) prime rate. C) discount rate. D) federal funds rate.
Which of the following is an exogenous variable in the model of a small open economy, but an endogenous variable in the model of a large open economy?
A) B) C C) Y D) NX E) G
Refer to Table 8.1. The maximum profit available to the firm is
A) $20. B) $30. C) $35. D) $155. E) $180.
If the United States exports wheat to foreign countries that levy tariffs on wheat imports, the probable result is that the price of wheat will
a. fall in foreign countries. b. rise in the United States. c. rise in foreign countries. d. rise faster in the United States than in foreign countries.