Control of the nation's quantity of money is handled by
A) Congress.
B) the Federal Reserve System.
C) the President of the United States.
D) Congress, the Federal Reserve System, and all commercial banks.
B
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When firms charge different prices to different consumers for the same good or service, it is referred to as ________
A) price bias B) shadow pricing C) predatory pricing D) price discrimination
Along an indifference curve
A) the marginal rate of substitution is constant but not equal to zero. B) the consumer does not prefer one consumption point to another. C) the marginal rate of substitution is equal to 0. D) the consumer prefers some of the consumption points to others.
The production side efficiency loss of a tariff is caused by
A) confusion about prices when a tariff is imposed. B) higher profits gained by foreign producers. C) the expansion of relative inefficient domestic production. D) the contraction of domestic consumption. E) the increase in government revenue.
In addition to investment in physical and human capital, what other public policies might a country adopt to increase productivity?