The rich receive _____ all property income.
A. nearly
B. about one-half of
C. about one-quarter of
D. a very small percentage of
A. nearly
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The optimal output of a collective consumption good is found by_____
a. equaling marginal cost and the vertical summation of all individual's demand curves b. equaling price and marginal cost c. equaling marginal cost and the horizontal summation of all individual's demand curves d. equaling marginal cost and long-run average total cost
Many developing countries face a balance of payments constraint because:
A. they fail to implement exchange rate policy correctly. B. they hold too few international reserves. C. they hold too many international reserves. D. the IMF forces them to adopt policies that are counterproductive.
Consumers always prefer indifference curves that are ____ the origin.
A. closer to B. tangent to C. farther from D. concave relative to
Recall the Application about the Fed's response to the collapse of the investment house Bear Stearns as well as its handling of the 2008 financial crisis with respect to other financial institutions to answer the following question(s). According to the Application, in response to the financial crisis, the Fed implemented a new policy in which it began to pay interest on deposits held at the Fed. This move would ________ deposits held at the Fed and ________ the Fed's ability to make loans.
A. decrease; decrease B. decrease; increase C. increase; decrease D. increase; increase