What is one reason activists might lobby the government to force firms to produce more output than they normally would in a perfectly competitive market?
A) They value consumer surplus more than producer surplus.
B) They value producer surplus more than consumer surplus.
C) They seek to avoid future regulation.
D) They seek to minimize total surplus.
A
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If the required reserve ratio is 10% and the Fed purchases $20 million worth of securities, what is the simple deposit multiplier and what happens to the amount of deposits in the banking system? Assume that banks do not hold excess reserves and the
public does not change its currency holdings.
A repeated game:
A. can be finite or infinite. B. is formed by playing a simpler game many times in succession. C. is a multiple-stage game. D. All of these are true about repeated games.
Suppose that the annual dividend per share of stock is $5.40 and the closing price of the stock is $72.50, the yield of the stock would be
A) 13.43% B) 7.45% C) 23.62% D) 8.38%
The percentage of goods and services the United States has imported from China and India over the last 15 years:
A. has risen. B. initially rose and then dropped back to the original level. C. has remained roughly the same. D. has fallen.