The Public Broadcasting Service and National Public Radio are examples of
A. nonprofit government-funded organizations.
B. private for-profit companies.
C. government agencies.
D. private nonprofit organizations.
Answer: A
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When demand is elastic, an increase in price leads to:
A. a decrease in total expenditures. B. an undetermined change in expenditures. C. an increase in total expenditures. D. no change in total expenditures.
Which of the following is charged with the job of buying and selling securities?
A. The New York Federal Reserve Bank B. The Federal Advisory Council C. The United States Treasury D. The Department of Internal Affairs
The Lend Me Your Ears Company monopolizes the production of a specialized hearing aid. The Lend Me Your Ears Company will find it profitable to increase the production of the hearing aids as long as marginal revenue is
A. equal to marginal cost. B. less than marginal cost. C. greater than marginal cost. D. positive.
Retirement savings accounts, such as IRAs, help increase economic growth because
A) they encourage international trade. B) government invests them. C) they keep the interest rates high. D) people have an incentive to work harder and longer hours to save for the future. E) savings finances investment.