Germany and __________ are two major banking-oriented systems
A) the United Kingdom
B) Japan
C) France
D) the United States
B
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All of the following aim to reduce income inequality EXCEPT
A) Social Security payments. B) earned income tax credits. C) regressive taxes. D) food stamp programs.
In terms of opportunity cost, ________ is the ultimate constraint
a. information b. education c. creativity d. time
Contrast the sticky wage theory with the sticky price (menu cost) theory in a situation where the overall price level increases.
a. Under the sticky wage theory, producers expand production and sales because of higher profit margins, whereas under the sticky price theory, producers find their sales increasing because their prices are relatively lower. b. Under the sticky wage theory, producers find their sales increasing because their prices are relatively lower, whereas under the sticky price theory, producers expand production and sales because of lower profit margins. c. Under the sticky wage theory, producers reduce production and sales because of higher profit margins, whereas under the sticky price theory, producers find their sales decreasing because their prices are relatively lower. d. Under the sticky wage theory, producers find their sales decreasing because their prices are relatively lower, whereas under the sticky price theory, producers decrease production and sales because of higher profit margins.
A contestable market is one where:
A. there are infinitely many firms. B. entry necessarily occurs. C. there is the legitimate threat of entry. D. firms can maintain the monopoly price.