If the printed circuit board market is perfectly competitive,
a. too many printed circuit boards will be produced
b. printed circuit boards will be allocated efficiently
c. too few printed circuit boards will be produced
d. economic efficiency will not be achieved
e. printed circuit boards will be evenly distributed among consumers
B
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The above figure depicts the Edgeworth box for two consumers, Al and Bruce. Explain why point "a" cannot be a competitive equilibrium
What will be an ideal response?
In reference to worldwide competition laws, each of the following are fundamentally prohibited or highly suspicious among regulators across almost all countries except which one?
A) creation of cartels B) charging unfairly high prices C) dominant firms D) monopolies
All of the following are automatic fiscal stabilizers EXCEPT
A) a congressionally mandated decrease in tax rates to stimulate the economy. B) a decrease in unemployment compensation payments during an expansion. C) a decrease in overall tax revenues during a recession. D) an increase in unemployment expenditures during a recession.
The actual money multiplier is smaller than the simple money multiplier because: a. the actual multiplier affects M2 rather than M1
b. cash withdrawals reduce the amount banks can lend out. c. the actual multiplier affects the amount of excess reserves each bank holds. d. the size of the simple multiplier depends on the volume of deposits unlike the actual multiplier. e. the actual multiplier uses a different measure of reserve requirements.