Government antitrust laws were designed to
a. encourage the production of public goods
b. prevent natural monopolies
c. prevent collusion among firms
d. regulate natural monopolies
e. correct the outcomes of positive and negative externalities in private markets
C
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The labor force includes discouraged workers
Indicate whether the statement is true or false
Bank A has checkable deposits of $140 million, vault cash equaling $1 million and deposits at the Fed equaling $14 million. If the required reserve rate is ten percent what is the amount of excess reserves Bank A is holding?
A. $2 million B. $1 million C. It does not have any excess reserves D. $15 million
A local government currently has a tax base of $4 million and a tax rate of 5 percent. If the tax rate is increased to 6 percent, the tax base will decrease to $3.5 million. If the goal is to maximize tax revenues the tax rate should be
A. reduced to 5 percent. B. abolished. C. lowered below 5 percent. D. kept at 6 percent.
Protection in the form of tariffs or quotas is a very inefficient tool for job creation and preservation
Indicate whether the statement is true or false