Suppliers who are kept out of the market generally do not retaliate because:
A. they aren't hurt by the restriction.
B. the costs of organizing and lobbying exceed the expected gains.
C. government prevents them from organizing.
D. the costs of organizing are higher than those of demanders.
Answer: B
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In the figure above, when disposable income equals $10 trillion,
A) consumption expenditure is greater than disposable income but it is not possible to determine if consumers are saving or dissaving. B) consumption expenditure is less than disposable income, so consumers are dissaving. C) consumption expenditure is less than disposable income, so consumers are saving. D) consumption expenditure is greater than disposable income, so consumers are saving. E) consumption expenditure is greater than disposable income, so consumers are dissaving.
If the Fed increases the discount rate,
A) commercial banks pay a higher interest rate if they borrow from the Fed. B) commercial banks find it more profitable to increase their loans to businesses. C) commercial banks increase their lending to the Fed. D) commercial banks' assets increase. E) commercial banks pay a lower interest rate if they borrow from the Fed.
A tax burden falls more heavily on the side of the market that
a. has a fewer number of participants. b. is more inelastic. c. is closer to unit elastic. d. is less inelastic.
When you are a secretary and there are seven levels between your role and the CEO your organization is considered to be
a. fat b. tall c. flat d. short