Which of the following financial organizations have the ability to influence the supply of reserves in the United States?
A) Only public sector banks B) The World Bank
C) Only private commercial banks D) The Fed
D
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Which one of the following statements about public debt is most accurate?
a. Because rich and poor people hold government bonds, they are equally affected by the debt. b. Wealthy people are more likely to hold government bonds, and so they are less likely to be adversely affected by the debt c. Wealthy people are less likely to hold government bonds, and so they are more likely to be adversely affected by the debt. d. Poor people are more likely to hold government bonds, and so they are more likely to be adversely affected by the debt. e. Poor people are less likely to hold government bonds, and so they are less likely to be adversely affected by the debt.
Beyond the point of efficient scale, marginal cost pulls the average total cost upward
a. True b. False Indicate whether the statement is true or false
If Japan has an absolute advantage over the United States in making TVs, then Japan:
A. probably sells TVs to the United States. B. it will have no reason to trade with the US. C. produces more TVs than the United States using the same resources. D. has the ability to produce TVs at a lower opportunity cost than the United States.
What type of economic system is commonly described as being controlled by an "invisible hand"?
A. a traditional economy B. a command economy C. a market economy D. a communist economy