Refer to the figure below. 
If both firms offer reduced rates, each earns ________, and if both firms keep their rates high, each earns ________.
A. 500; 300
B. 300; 500
C. 300; 50
D. 50; 300
Answer: D
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Which activity of the Fed would tend to increase excess reserves throughout the banking system?
A) Purchases of government bonds on a mass scale B) An increase in the required reserve ratio C) An increase of the discount rate D) Sales of government bonds on a mass scale
Under TANF, at least 50% of single mother recipients and 90% of two-parent families must be working or in work preparation programs.
A. True B. False C. Uncertain
Compared to the situation prior to 1980, the top marginal personal income tax rate imposed on the rich is now substantially
a. lower and so is the share of the revenue collected from them. b. higher and so is the share of the revenue collected from them. c. lower, but the share of the revenue collected from them is now higher. d. higher, but the share of the revenue collected from them is now lower.
Which of the following is an example of a monopoly?
A.) One large firm supplies the entire product to the market B.) One firm supplies 60 percent of the product to the market and there are two other rival firms C.) Many firms supply the same product essentially, but each has significant brand loyalty D.) A few large firms supply the entire product to the market