Fiscal policy involves the manipulation of ________
A) U.S. interest rates
B) wages and prices
C) federal government spending and tax revenues
D) the supply of money
C
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If a tax is imposed on a good,________
A) consumer surplus increases B) producer surplus increases C) the quantity of the good traded in the market increases D) the equilibrium quantity of the good in the market falls
Because incentive contracts result in more risk placed on the part of agents
a. the average level of compensation typically falls b. the average level of compensation typically rises c. compensation is unaffected d. employers want employees to insure against wild compensation swings
Jenny took out a loan of $27,000 from All Union Bank. She deposited the amount in her savings account in Smith and Kim Bank. In the given scenario, which of the following statements is true? a. $27,000 will be an asset for Smith and Kim Bank, while $27,000 will be a liability for All Union Bank. b. $27,000 will be a liability for Smith and Kim Bank, while $27,000 will be an asset for All Union
Bank. c. $27,000 will be an asset for both Smith and Kim Bank and All Union Bank. d. $27,000 will be a liability for both Smith and Kim Bank and All Union Bank.
One would expect that collusion among oligopolistic producers would be easiest to achieve in which of the following cases?
A. A rather large number of firms producing a differentiated product. B. A very small number of firms producing a differentiated product. C. A rather large number of firms producing a homogeneous product. D. A very small number of firms producing a homogeneous product.