________ are the only depository institutions that are tax-exempt
A) Commercial banks
B) Savings and loans
C) Mutual savings banks
D) Credit unions
D
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How does the elasticity of demand for labor affect the deadweight loss from an increase in the minimum wage? Why?
What will be an ideal response?
If Boring were able to move first in a sequential version of the game in Scenario 13.15, the equilibrium would be
A) an $80 price for Simple and a $70 price for Boring. B) an $80 price for Simple and a $25 price for Boring. C) a $35 price for Simple and a $70 price for Boring. D) a $35 price for Simple and a $25 price for Boring. E) a mixed strategy equilibrium.
One of the reasons that Kodak and Fuji films advertise so much is that
a. they want to stimulate market demand b. each hopes to create a natural monopoly c. they are in a perfectly competitive industry where advertising is the difference between success and failure d. they want to develop brand loyalty e. they want to increase their price elasticities of demand
The difficulties in managing government in a market economy include the following, except:
A. The need for complex bureaucracy of various levels B. The need for detailed paperwork and inflexibility C. The close resemblance of government to the "invisible hand" D. The lack of accountability in government