Miguel has additional free time this evening. He ranks his alternative ideas for what to do during that free time: first go swimming, second go on a date, and third watch one of Professor Rush’s lectures. He can only do one of these activities. What is Miguel’s opportunity cost of going swimming?
If commercial banks hold reserves of $5 million and deposits…
If commercial banks hold reserves of $5 million and deposits in these banks are $250 million, which of the following statements is true? Hint: Assume the bank does not hold insufficient reserves.
Reducing the Capital Gains Tax leads to a(n) ____ in the rea…
Reducing the Capital Gains Tax leads to a(n) ____ in the real interest rate, and a(n) ____ in investment spending.
Both buyers and sellers of gasoline come to expect that the…
Both buyers and sellers of gasoline come to expect that the price of a gallon of gasoline will fall next week. As a result, …
Which of the following is NOT a function of depository insti…
Which of the following is NOT a function of depository institutions in the financial system?
A tariff is a tax on ______ that ______ the quantity of the…
A tariff is a tax on ______ that ______ the quantity of the good that is traded and ______ consumer surplus.
Refer to the figure above. Suppose that the world price of a…
Refer to the figure above. Suppose that the world price of a snowboard is $40. Compared to the no-trade equilibrium, consumer surplus decreases by ______.
A decrease in the demand for Argentine exports from abroad s…
A decrease in the demand for Argentine exports from abroad should ____.
Refer to figure above. How much tax revenue is generated by…
Refer to figure above. How much tax revenue is generated by the necktie tax?
True or False: If the international price of a good is above…
True or False: If the international price of a good is above the domestic country’s price, the county will export that good.