Which of the following goods is the most liquid?
A. Antique sword from WWI
B. House
C. Saving deposit
D. Painting by Monet
Answer: C
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What is the difference between the Current Population Survey and the establishment survey? What are the major drawbacks for each of these measures of unemployment?
What will be an ideal response?
When a negative externality is present in a market, when a quota is imposed, it is:
A. efficient, because the market consumes the efficient level. B. not efficient, because individuals' net benefits from the amount set by the quota are different. C. efficient, because the net benefit of everyone at the amount set by the quota is equal. D. not efficient, because the marginal cost outweighs the marginal benefit for too many consumers at the amount set by the quota.
Since the late 1980s:
A. the Soviet socialist economic and political structure has fallen apart. B. the Soviet socialist economic and political structure has spread to other nations. C. the Soviet Union installed Soviet-dominated governments in a number of Eastern European countries. D. socialism has gained popularity among the governments of Eastern Europe.
The first antitrust law in the United States was the
A. Sherman Antitrust Act. B. Clayton Act. C. Contestable Markets Act. D. the Federal Trade Commission Act.