Which Fed policy would be part of an expansionary monetary policy?
A) Buying government bonds.
B) Raising the discount rate.
C) Both of the above.
D) None of the above.
A
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How much does it cost to tax a dollar of revenue away from the private sector and transfer it to the government in order to bail out a specific industry?
(a) One dollar (b) Less than one dollar because the administration of and compliance with the tax laws creates jobs for people (c) Less than a dollar because of the excess burden resulting from the elimination of productive exchanges by the taxes (d) More than a dollar because collection of the taxes requires resources that would otherwise be available for private sector production
Refer to Figure 7.2. The marginal product of the second worker is ________ lawns moved.
A) 3 B) 5 C) 8 D) 11.
If only a small percentage of used computers on the market are plums (high-quality), then the asymmetric information concerning the quality of used computers has generated a ________ market.
A. thin B. weak C. tight D. competitive
What is the relationship between the marginal cost curve and marginal product? Explain
What will be an ideal response?