The World Bank specializes in making loans to
A) industrialized nations.
B) communist nations.
C) developing nations.
D) African nations.
C
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Explain how positive externalities cause a wedge between private marginal costs and social marginal costs. Give an example of a positive externality and explain why it is, in fact, a positive externality. Draw a supply/demand diagram and add a social marginal cost curve that represents the presence of the positive externality. Explain the relationship between the equilibrium quantity and that which is socially efficient.
What will be an ideal response?
When we examine the U.S. money supply, the smallest component of M1 is
A) currency and coins. B) transaction deposits. C) certificates of deposit. D) traveler's checks.
Suppose the Fed announces an increase in the proportion of deposits that a bank is legally required to hold in reserve or on deposit with the Fed. This will: a. reduce the money supply in the economy
b. increase the amount of excess reserves of commercial banks. c. decrease the reserve requirements of commercial banks. d. result in an increase in the money supply in an economy.
The U.S. desire for foreign currency represents
A. A point of disequilibrium in the foreign exchange market. B. A supply of U.S. dollars. C. A demand for U.S. dollars. D. The foreign demand for U.S. exports.