Which of the following is an example of a subsidized service?
A) Social Security payments to retirees
B) Social Security payments to widows
C) welfare payments to the unemployed
D) Medicare reimbursements to hospitals
D
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What are depository institutions?
What will be an ideal response?
Its lunch time, you are hungry and would like to have some pizza. By the law of diminishing marginal value,
a. you would pay more for your first slice of pizza than your second b. you would pay more for your second slice of pizza than your first c. you would pay an equal amount of money for both the slices since they are identical d. none of the above
What can we say about APC + APS and MPC + MPS?
A) Each must sum to 1. B) MPC + MPS = 100% of total income. C) APC + APS = 100% of the change in income. D) MPC + MPS always equals 1, but the sum of APC + APS can vary.
In equilibrium, if both uncovered and covered interest parity hold, what condition should exist?
a. World interest rates will be equal. b. Rates of inflation will equalize. c. The forward rate will equal the expected future spot rate. d. The forward rate will decrease as the spot rate rises.