Seigniorage refers to
A) real resources a government earns when it prints money to use for spending on goods and services.
B) nominal resources a government earns when it prints money to use for spending on goods and services.
C) real resources a government earns when it prints money.
D) nominal resources a government earns when it prints money.
E) real resources a government earns when it issues bonds to use for spending on goods and services.
A
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If a monopoly is able to perfectly price discriminate, then consumer surplus is
A) equal to zero. B) maximized. C) unchanged from what it is with a single-price monopoly. D) unchanged from what it is in a perfectly competitive industry. E) not zero but is less than with a single-price monopoly.
"If the distribution of income was equal, the Lorenz curve would be a straight, 45° line." Is the previous statement or in?
What will be an ideal response?
The United States produces both automobiles and computers more efficiently than Mexico. Nevertheless, it is possible that both nations would benefit from trade in these items. The reason for this is
a. the law of comparative advantage. b. the inflation-unemployment trade-off. c. externalities. d. the cost disease of personal services. e. attempts to repeal the law of supply and demand.
Suppose you borrow $50,000 from your bank to purchase a Tesla vehicle. This is an example of
A. indirect financing. B. direct financing. C. transaction costs. D. moral hazard.