A bank run involves a large flow of money
a. into bank depositors' accounts.
b. into checking and savings accounts.
c. out of depositors' accounts.
d. out of individuals' cash reserves into money market funds.
c
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The government of Healthyland imposes a tax on sellers of salt. The tax is $0.10 per pound. With no tax, the price of salt is $0.40 per pound. The demand for salt is perfectly inelastic and the elasticity of supply is 1.5
With the tax, the price of salt paid by buyers in Healthyland is A) $0.40 per pound. B) $0.45 per pound. C) $0.35 per pound. D) $0.50 per pound.
Nonexcludable and nonrival goods are known as
a. Public goods. b. Private goods. c. Efficient goods. . d. Those which are the last to be purchased. e. There is no such thing as goods which are both Nonexcludable and nonrival.
How does the U.S. economy rank in size?
a. first in economic output b. second in economic output c. third in economic output d. fourth in economic output e. fifth in economic output
Is your economics textbook a public or private good? If you conclude that it is a private good, why do we have copyright laws?