Rationing of resources, goods, and services
A. is not required under the price system.
B. happens only when the price is zero.
C. is required because of scarcity.
D. must be done by the government.
Answer: C
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According to this Application, the Fed started paying interest to banks on reserves. All else equal, this would tend to ________ on a bank's balance sheet
A) increase reserves B) increase loans C) increase deposits D) all of the above
Suppose the U.S. population is 275 million. If 210 million people are of working age, 135 million are employed, and 6 million are unemployed, what is the labor force participation rate?
A) 49 percent B) 67 percent C) 64 percent D) 51 percent E) 76 percent
Of the combined Social Security tax rate, _____ goes to pay for _____
a. 2.9; Medicaid b. 2.7; Medicare c. 2.9; Medicare d. 2.7; Medicaid
International trade is based on the existence of
A) absolute advantage. B) perfect advantage. C) productivity advantage. D) comparative advantage.