Refer to Figure 15-15. The firm would maximize profit by producing
A) Q1 units. B) Q2 units. C) Q3 units. D) Q4 units.
B
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Assume that the reserve requirement is 25%. If the Federal Reserve sells $120 million in government securities to the general public, the money supply will immediately ________.
A. increase by $120 million with this transaction, and the increase in money supply could eventually reach a maximum of $480 million B. increase by $120 million with this transaction, and the increase in money supply could eventually reach a maximum of $360 million C. decrease by $120 million with this transaction, and the decrease in money supply could eventually reach a maximum of $480 million D. decrease by $120 million with this transaction, and the decrease in money supply could eventually reach a maximum of $360 million
Disadvantages to the employer-based health insurance model which is common in the United States include
A) when someone loses her job, she loses her insurance. B) a reduction in job mobility. C) the method used by insurance companies to set premiums. D) all of the above
Economics is a social science that primarily explores how: a. businesses market products under competitive conditions
b. stock and bond prices fluctuate when there are changes in demand or supply. c. the government allocates its budget among competing political interests. d. goods and services are consumed, produced and distributed in a world with limited resources.
If the effluent limitations are insufficient for a body of water
a. that body of water is considered “water quality limited” b. more stringent controls are required c. that water body becomes subject to total maximum daily loads (TMDLs) d. all of the above e. (a) and (b) only