Article 102 of the Treaty on the Functioning of the European Union (TFEU) prohibits a dominant firm from doing all of the following except which one?
A) charging an unfair price
B) price fixing
C) making tying contracts or exclusive deals
D) buying at a price that is unfairly low
B) price fixing
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If the banking system has a large amount of reserves, many banks will have excess reserves to lend and the federal funds rate will probably ________; if the level of reserves is low, few banks will have excess reserves to lend and the federal funds
rate will probably ________. A) fall; fall B) fall; rise C) rise; fall D) rise; rise
The difference between the average earnings of eye surgeons and those of janitors is an example of
a. a temporary differential b. a permanent differential c. a resource price difference that will cause a reallocation of resources to different uses d. a temporary difference that will be eliminated through the reallocation of resources to different uses e. a differential caused by a lack of resource mobility
In Karl Marx's view, people under the ideal state of communism would be motivated by the principle "from each according to his ability, to each according to his enterprise."
a. True b. False Indicate whether the statement is true or false
The long-run impact of unanticipated expansionary policy is ______.
a. underproduction b. overproduction c. deflation d. inflation