Usury laws first originated in the United States in the 1970s in response to high market interest rates
Indicate whether the statement is true or false
F
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Imagine a duopoly in which two firms, A and B, produce the monopoly profit-maximizing output and equally share the economic profit. If firm A increases output,
A) both firms' profits increase. B) firm A's profits increase and firm B's profits decrease. C) firm B's profits increase and firm A's profits decrease. D) both firms' profits decrease. E) firm A's profits increase and firm B's profits do not change.
Refer to the scenario above. People will earn a net benefit of ________ if the discount weight of the future benefit is 1/10
A) 950 utils B) 930 utils C) -600 utils D) -950 utils
The largest government-run health care system in the world, with 1.7 million employees, is in
A) the United Kingdom. B) the United States. C) Japan. D) Canada.
According to the misperceptions theory, when the aggregate price level is higher than expected,
A) the aggregate quantity of output supplied rises above the full-employment level. B) the aggregate quantity of output supplied falls below the full-employment level. C) the aggregate quantity of output demanded falls below the full-employment level. D) the aggregate quantity of output demanded rises above the full-employment level.