Sam, 2 drills process the furniture maker uses to produce tables are
A. Physical capital
B. Human capital.
C. Natural resources.
D. Technological resources
E. None.
A. Physical capital
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Black market transactions generally increase the deadweight losses created by restrictive government policies
Indicate whether the statement is true or false
In the above figure, the second ton of wheat would be produced even though the producer surplus on it is zero if the price per ton of wheat was
A) $25. B) $50. C) $75. D) $100.
The existence of economic losses induces firms to:
A. enter an industry, which shifts the market supply curve to the left and decreases market price. B. enter an industry, which shifts the market supply curve to the right and decreases market price. C. exit an industry, which shifts the market supply curve to the right and decreases market price. D. exit an industry, which shifts the market supply curve to the left and increases market price.
With fractional reserve banking
A. banks can act as securities brokers. B. banks retain only a portion of their deposits in their vaults or at Federal Reserve banks. C. banks can not generate profits. D. monetary policy will be ineffective.