Refer to the above figure. Suppose the economy is now at point B. In the long run, the price level will most likely be.
A. 20
B. 40
C. 45
D. higher than 45
Answer: A
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Refer to Common Property II. If the common property is privately owned, the amount of the good supplied equals
The following questions refer to the accompanying diagram, which shows the benefits and costs associated with the use of a common property.
a. QO
b. QC
c. zero.
d. none of the above.
Vertical contracts between manufacturers and retailers often aim to
a. Incentivize the retailers to undertake costly activities, which they otherwise may not realize the full benefits of on their own b. Serve as a "signal" of the manufacturer's belief of the likely success of his product c. Reimburse the retailer for the cost of managing an extended inventory d. All of the above
Paradoxically, when the economy most needs injections of money, the economic conditions are such that
a. borrowers are particularly eager to go to banks for loans b. borrowers are most reluctant to borrow (demand loans) from banks c. the FDIC will insist that banks raise the interest rate they charge borrowers d. the FSLIC and FDIC will insist that banks lower the interest rate they charge borrowers e. the Federal Reserve will print less money
What is not included in America's poverty count?
A. Immigrants. B. High school dropouts. C. Teen moms. D. In-kind transfers.