Suppose that a new study finds that eating more peanut butter will improve a person's health. As a result
A) the demand for peanut butter will fall.
B) the demand for peanut butter will rise.
C) the price of peanut butter will fall.
D) a smaller amount of peanut butter will be purchased.
B
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Quantitative evidence on federal land policy has led current economic historians to conclude that
a. the policy was inefficient and reduced total output. b. the policy was largely inefficient, with evidence of increased output only found on large farms. c. the Homestead Act allowed western farmers to enjoy rising agricultural prices for most of the post-bellum period. d. average rates of return on western agricultural investments were comparable to those in manufacturing.
The US government generally finances its debt by:
A. selling US securities. B. printing money. C. borrowing directly from the FED. D. borrowing directly from very large banks.
Expansionary monetary policy increases bank reserves and the money supply, also decreases interest rates.
Answer the following statement true (T) or false (F)
In a perfectly competitive industry, any restrictions that prevent new firms from entering
A) lead to negative profits. B) guarantee that all existing firms will earn exactly a zero profit. C) hinder economic efficiency. D) reduce the average cost of production.