Q: The ability of the Federal Reserve to control interest rates is
The ability of the Federal Reserve to control interest rates is a) limited almost entirely to short-term rates. b) limited almost entirely to long-term rates. c) limited almost entirely to interme...
See AnswerQ: One issue that some call a consequence and others call a cause
One issue that some call a consequence and others call a cause of slowing growth is a) a slowing rate of increase in the population. b) a change in the demographic mix of people to nonworking popula...
See AnswerQ: Of the following justifications for limiting trade, which one would economists
Of the following justifications for limiting trade, which one would economists be least likely to endorse? Some goods should not be imported because a) they are important for national defense (e.g.,...
See AnswerQ: When examining the “right tax” on a good that produces
When examining the “right tax” on a good that produces an externality, the tax should be such that a) it is greater than the externality. b) it is less than the externality. c) it is exactly equal...
See AnswerQ: Of course, all individual students are better off if they get
Of course, all individual students are better off if they get better grades. If you were to conclude that all students would be better off if everyone received an A you would a) have fallen victim to...
See AnswerQ: The result that a firm should produce where MC = MR except
The result that a firm should produce where MC = MR except when the shutdown condition is met is based on the assumption that it is attempting to a) maximize profit. b) maximize market share. c) m...
See AnswerQ: How academics look at the evidence on how much women make relative
How academics look at the evidence on how much women make relative to men is an issue that very much depends on a) which year you look at. b) which state you look at. c) whether you categorize some...
See AnswerQ: An increase in the income of consumers will cause the a
An increase in the income of consumers will cause the a) supply of all goods to rise. b) demand for all goods to rise. c) supply of all goods to fall. d) the demand for some goods to rise and for...
See AnswerQ: When a satellite television company gains a subscriber there is no impact
When a satellite television company gains a subscriber there is no impact on existing subscribers. That is, there is no rivalry in the consumption for their service. This is an example of a a) purely...
See AnswerQ: Discretionary fiscal policy as a tool for making things better is
Discretionary fiscal policy as a tool for making things better is a) universally applauded as being helpful. b) universally derided for never being effective. c) considered by many to be effective...
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