What branch of economics is concerned with the activities of U.S. agricultural producers?
A) Normative economics B) Positive economics
C) Microeconomics D) Macroeconomics
Answer: C
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Banks in Richland charge an interest rate of 4% for overnight loans to each other. How will this rate change if the central bank of Richland engages in open market operations to purchase bonds?
What will be an ideal response?
When a nation imports a good or service, the nation's consumer surplus ________, its producer surplus ________, and its total surplus ________
A) increases; decreases; increases B) increases; decreases; decreases C) increases; increases; increases D) decreases; decreases; decreases E) decreases; decreases; increases
When Kim in Korea buys stock in GE (General Electric), NCO:
A. is zero. B. decreases. C. is unaffected. D. increases.
Toni practices dancing while listening to loud music, which makes it hard for her neighbors to relax. What does her negative impact on others best represent?
a. pecuniary cost b. nonpecuniary cost c. moral hazard d. adverse selection