Which market type has characteristics as follows: large number of firms, differentiated product?
A) perfect competition
B) monopolistic competition
C) oligopoly
D) monopoly
B
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When there is an increase in the duration of unemployment, the U.S. Congress typically responds by
A) lowering income taxes. B) extending unemployment benefits. C) encouraging unemployed U.S. workers to seek employment overseas. D) redefining "unemployed" so the unemployment rate does not look so bad.
Health care costs have been rising due to
A) an aging population. B) new technologies. C) third-party financing. D) All of the above are correct.
The difference between assets and liabilities is
A. a balance sheet. B. net worth. C. legal reserves. D. a sweep account.
By purchasing large amounts of mortgage-backed securities (MBS) in 2009, the Federal Reserve's goal was to
a. raise the price of MBS and raise their yields. b. raise the price of MBS and lower their yields. c. lower the price of MBS and raise their yields. d. lower the price of MBS and lower their yields.