A group of banks that agree to lend one another money in case of unexpectedly large withdrawals is a ________
Fill in the blank(s) with correct word
clearinghouse
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The demand for insulin is quite inelastic. The demand for Pepsi is quite elastic. Suppose the elasticity of supply for insulin is the same as the elasticity of supply for Pepsi
If a $0.20 tax was imposed on each of these goods (holding everything else constant), which consumers would pay more of the tax? A) the Pepsi consumers B) the insulin consumers C) There would be no difference in the amount of tax paid by the consumers. D) More information is needed to determine which consumers pay more of the tax. E) The premise of the question is wrong because the elasticity of demand and the incidence of a tax are not related.
In 2008, federal, state, and local redistribution programs were most close to
a. $20.0 trillion b. $200.0 billion c. $2.0 billion d. $200.0 trillion e. $2.0 trillion
Economists differ in their views of the role of the government in promoting economic growth. At the very least, the government should
a. lend support to the invisible hand by maintaining property rights and political stability. b. limit foreign investment to industries that don't already exist in the country. c. impose trade restrictions to protect the interests of domestic producers and consumers. d. subsidize key industries.
In September 2008, the MONTHLY rate of inflation in Zimbabwe approached 489 BILLION percent. An inflation rate such as this would:
A. seriously disrupt normal commerce. B. decrease the natural rate of unemployment. C. be too high to calculate using the CPI. D. All of these