If this is a closed economy how many cars will be exchanged?
A. 60,000
B. 20,000
C. 40,000
D. 80,000
Answer: C
You might also like to view...
What is the central bank of the United States?
A) There is no central bank in the United States. B) The Department of Treasury C) The Federal Reserve System D) The U.S. Mint E) Each state has its own central bank, which, when all taken together, constitute the central bank of the United States.
Banks would be expected to:
A. minimize holding excess reserves because the practice of holding more than the required reserves is illegal. B. minimize holding excess reserves because the practice of holding more than the required reserves is not profitable. C. maximize holding excess reserves because the practice of holding more than the required reserves increases the assets of the bank. D. maximize holding excess reserves because the practice of holding more than the required reserves reduces the tax paid by the bank to the Federal Reserve.
Some economists advocate taxes on land because such taxes:
A. do not affect the supply of land. B. increase the supply of land. C. improve the allocation of land by shifting it from low-productivity to high-productivity uses. D. have a positive incentive function.
Refer to the information provided in Figure 13.6 below to answer the question that follows.
Figure 13.6 Refer to Figure 13.6. The ________ for the Memory Company's high school yearbook is $16.
A. marginal revenue B. marginal cost C. average total cost D. profit-maximizing price