About how many people lack access to safe water?

a. 20 million
b. 200 million
c. 500 million
d. 1 billion
e. 2 billion


D

Economics

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Vault cash is a(an)

A) liability of the Fed and is counted as reserves. B) asset of the Fed and is counted as reserves. C) liability of the Fed and is not counted as reserves. D) asset of the Fed and is not counted as reserves.

Economics

Monopolistic competition is inefficient because:

a. firms earn positive economic profits. b. the firms' marginal costs and marginal revenues are not equal. c. firms have excess capacity in the long run. d. entry is difficult.

Economics

Refer to Figure 6.1. Assume that L1 represents the budget line before a price change. Point C represents the:



A. uncompensated effect on an increase in the price of soup.

B. compensated effect on a decrease in the price of soup.

C. uncompensated effect on a decrease in the price of soup.

D. compensated effect on an increase in the price of soup.

Economics

Refer to the above graphs. The long-run equilibrium for a monopolistically competitive firm is represented by graph:

A. A. B. B. C. C. D. D.

Economics