Refer to the information provided in Figure 16.2 below to answer the question(s) that follow. Figure 16.2Refer to Figure 16.2. What is the total damage imposed as a result of producing the efficient level of cars?

A. $0
B. $250
C. $350
D. $500


Answer: B

Economics

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When the Fed makes a discount loan, the impact on the Fed's balance sheet will reflect:

A. a decrease in assets and liabilities. B. an increase in assets and a decrease in liabilities. C. no change in liabilities but an increase in assets. D. an increase in assets and liabilities.

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The questions below are based on the table below. Fill in the blank spaces first.  If the product and labor markets are both imperfect, what will be the wage rate paid to the laborer?

What will be an ideal response?

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Assume the graph shown represents the market for bottles of wine and was originally in equilibrium with D and S. Something changes and demand shifts to D2. Which of the following is true?

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Economics