The interest rate the Federal Reserve charges a bank when it borrows reserves from the Fed is called the
A) federal funds rate.
B) prime rate.
C) market interest rate.
D) discount rate.
E) borrowing rate.
D
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The likelihood of successful private solutions to problems caused by externalities depends, in part, upon the number of interested parties. Briefly explain
Which statement is TRUE?
A. There is no such thing in the United States as a permanent underclass. B. There is no relationship between poverty and the twin problems of crime and drugs. C. Poverty, crime, and welfare dependency have all fallen since the mid-1990s.
The Kahneman-Tversky value function is
A. risk-averse in gains and losses. B. risk-neutral in gains and losses. C. risk-averse in gains, risk-seeking in losses. D. risk-seeking in gains, risk-averse in losses.
Suppose when the price of novels goes from $15 to $20 per book, production increases from 760 million books to 840 million books per year. Using the mid-point method, the price elasticity of supply is:
A. 37 percent B. 0.77 C. 28.5 percent D. 0.35