Rent seeking is defined as
A) charging higher prices for an apartment.
B) the act of obtaining special treatment by the government to create an economic profit.
C) charging a price below marginal cost.
D) selling a greater quantity than is profitable.
E) charging different prices for different units of the good or service.
B
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Every dollar added to the total reserves of the commercial banking system
A) compels the banks to reduce their loans by more than a dollar. B) compels the banks to expand their loans by more than a dollar. C) enables the banks to expand their loans by more than a dollar. D) enables the banks to expand their loans by one dollar. E) is one less dollar in the hands of the public.
Refer to Figure 14.1. Other things equal, an increase in the Fed's concern about deviations of inflation from the target inflation rate is best represented as a movement from
A) point X to point Z. B) point Z to point X. C) point Z to point Y. D) point Y to point X.
The problem for government policy makers of knowing just where the business cycle turning points are is important in implementing
a. a balanced budget b. sustained economic growth c. appropriate technology d. countercyclical fiscal policy e. inflationary and deflationary gaps
If you lost 10 percent on $200 worth of stock in a 3x margin account, then you would lose:
A. $40. B. $30. C. $60. D. $20.