The U.S. federal government collects about
a. one-third of the taxes in our economy.
b. one-half of the taxes in our economy.
c. two-thirds of the taxes in our economy.
d. three-fourths of the taxes in our economy.
c
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When a monopolist integrates vertically with another monopolist the result:
a. is always beneficial to consumers. b. is never beneficial to consumers. c. may or may not be beneficial to consumers. d. does not have any effect on consumers.
Most of the world's nations went off the gold standard in the year __________.
Fill in the blank(s) with the appropriate word(s).
During the Great Recession, securitization:
a. Permitted mortgage originators to shift the negative impact of their underwriting mistakes to investors. b.Was one of the only sources of relief for investors who were suffering heavy losses on their mortgage investments. c. Was one of the main strategies used by the Federal Reserve to cure the economic downturn. d. Was caused by excessive money creation by the Federal Reserve immediately before and during the downturn. e. None of the above.
Innovation creates the opportunity to:
A. earn positive economic profits. B. quickly exit industries. C. lose money spent on research and development. D. sustain zero economic profits in a single industry in the long run.