Each of the following items would appear as assets on the central bank's balance sheet, except:
A. loans.
B. foreign exchange reserves.
C. currency.
D. securities.
Answer: C
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In the United States, the poorest 20 percent of households receive about ________ percent of total income
A) 15 B) 20 C) 3 D) 49 E) 23
A government subsidy is typically used
A) to correct a negative externality. B) to provide a government-inhibited good. C) to reduce inflation. D) to correct a positive externality.
Suppose the price of wine in Berylia is higher than the world price of wine. If the market for wine is opened to international trade, how will the total surplus in the market get affected?
Because a monopoly's demand curve is the same as the market demand curve for its product
A) the monopoly's marginal revenue equals its price. B) the monopoly is a price taker. C) the monopoly must lower its price to sell more of its product. D) the monopoly's average total cost always falls as it increases its output.