The amount of checkable deposits in an economy cannot exceed the amount of currency that the government has issued
a. True
b. False
Indicate whether the statement is true or false
False
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Producer surplus is the ________ summed over the quantity sold
A) value of a good minus the price received for it B) price received for a good minus the value of the good C) price received for a good minus its marginal cost D) marginal cost of making a good minus the price received for it
What is the expected dollar rate of return on euro deposits if today's exchange rate is $1.167 per euro, next year's expected exchange rate is $1.10 per euro, the dollar interest rate is 10%, and the euro interest rate is 5%?
A) 10% B) 11% C) -1% D) 0%
You are having a party and one of your guests lights up a cigar without asking. Explain why this creates an externality
What will be an ideal response?
The Harvard experiment found the answer to "Why is private health insurance so expensive?" is:
A) adverse selection - healthier patients don't want expensive coverage. B) adverse selection - poorer patients want more free health care. C) adverse selection - Harvard employees wanted more extensive coverage. D) adverse selection - health care subsidies resulted in unhealthy patients wanting more coverage.