The Fed’s purchase and sale of government securities is known as
A. margin operations.
B. open-market operations.
C. bank reserve operations.
D. cash management operations.
Answer: B
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Which of the following statements regarding cartels is not correct?
A) Cartels are sometimes difficult to maintain because a member can cheat by raising its price above the agreed price. B) Cartels restrict industry output in order to raise price. C) Cartels are inherently stable, because oligopolistic firms rarely change price. D) are easier to establish and maintain when the cost functions of the individual members are more similar to one another.
Libertarianism identifies a redistribution of income role for government when
a. the utility of the worst-off could be improved. b. the income distribution is altered by illegal means (e.g. theft). c. the total utility for society can be improved through redistribution of income. d. a "veil of ignorance" would result in a recommendation of redistribution of income.
Rising prices makes people fell worse off even if their real income has not fallen
What will be an ideal response?
For each dollar paid in taxes, approximately how much do households in the top quintile receive back in the form of government expenditures?
A. 12 cents. B. 28 cents. C. 41 cents. D. 73 cents.