When compared to the average household in most low-income countries, poor people in the United States, on average, receive
A. Somewhat fewer goods and services.
B. Far more goods and services.
C. Far fewer goods and services.
D. About the same amount of goods and services.
Answer: B
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Suppose the marginal cost of producing a good falls so that the marginal social cost curve shifts downward. Then the efficient quantity to produce of that product
A) increases. B) does not change. C) decreases. D) could increase, stay the same, or decrease.
If the Federal Reserve increases the legal reserve requirement, banks are not obliged to comply
Indicate whether the statement is true or false
Nearly half of federal government research and development spending takes place in the
a. National Science Foundation. b. National Aeronautics and Space Administration (NASA). c. Department of Defense. d. Federal Office of Technology Policy.
Why do most economists believe that it is important for a country's central bank to be independent of the rest of the country's central government?
What will be an ideal response?