The 1981 economic recovery act ________ net investment according to ________
A) greatly increased; Barry Bosworth
B) decreased; Barry Bosworth
C) increased; Martin Feldstein
D) decreased; Martin Feldstein
C
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In a market system, what provides individuals the information needed to make decisions?
A) insurance B) government C) patents D) prices
By specialization and trade, two individuals can
A) consume at a point beyond their individual production possibilities frontiers. B) increase their comparative advantage. C) increase their absolute advantage. D) shift their individual production possibilities frontiers outward.
A monopsonist must pay a higher net wage rate to hire additional workers because as a single
A. Seller, it does not have to compete with other firms for customers. B. Buyer in the market, it faces a flat supply curve for labor. C. Buyer in the market, it faces an upward-sloping supply curve for labor. D. Seller, it has market power.
A bank supervisor examines the bank's portfolio of loans to see if the loans are being repaid in a timely manner. In terms of the acronym CAMELS, this would be part of rating the bank's:
A. asset quality. B. earnings. C. management. D. losses.