Seignorage is an especially important source of government revenue in countries
a) with weak credit industries
b) with low inflation rates
c) with high tariffs on imports
d) with a currency tied to the dollar
e) that still use commodity money
a) with weak credit industries
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The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, at the equilibrium quantity, the marginal private benefit is
A) zero. B) $14,000. C) $19,000. D) $16,000.
Price cap regulation improves cost control incentives relative to rate-of-return regulation
Indicate whether the statement is true or false
If total spending is greater than current output, GDP will rise
a. True b. False Indicate whether the statement is true or false
Most economic historians believe that:
A. the gold standard didn't play a major role in the Great Depression. B. countries that held on to the gold standard recovered from the Great Depression the quickest. C. the gold flows played a central role in spreading the Great Depression. D. if more countries would have been on the gold standard the Great Depression would have been averted.