Markets can be missing if:
A. there is a lack of technology that would make the exchanges possible.
B. there is a ban on the sale of a particular good.
C. there is a lack of accurate information between potential buyers and sellers.
D. All of these are true.
D. All of these are true.
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"Banana republics" refers to:
A) nations that do not participate in free trade. B) nations that are net importers. C) nations that specialize in the production of only one good. D) nations that produce only agricultural products.
Suppose two neighbors share a park. One neighbor, Al, leaves trash in the park. This bothers the other neighbor, Bert. According to Coase's theorem, the optimal level of trash in the park can be achieved if
A) Al is fined by the government. B) Al has the right to leave trash and Bert cannot do anything about it. C) Al has the right to leave trash and Bert can pay him to limit his dumping. D) Bert moves.
If $1,000 is deposited in a bank with 100% reserve requirements, that bank can lend out:
a. $0 b. $1,000 c. A multiple of $1,000 d. Less than $1,000, but more than $0. e. $900.
If the Fed wants to stimulate aggregate demand it should _____ bonds to _____ the money supply.
A. buy; increase B. sell; increase C. buy; decrease D. sell; decrease