Economists generally consider the use of taxes as the most efficient way of solving pollution problems
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements is true of the federal funds market?
A) No banks are refused loans in the federal funds market. B) Although the federal funds market aims to provide liquidity to needy banks, it is not very popular as overnight loans are logistically inefficient for large banks. C) In the federal funds market, banks with a shortage of reserves borrow funds, while banks with an excess of reserves lends them out. D) The interbank lending system works more efficiently in periods of financial panic than in periods of financial stability.
The perfect competitor's demand curve is
A. perfectly elastic. B. relatively elastic. C. relatively inelastic. D. perfectly inelastic.
________ U.S. president(s) who has/have held office since GATT was signed has argued for free-trade policies, yet each one has used his powers to protect various sectors of the economy.
A. Only one B. Every C. No D. Only 3
Refer to the diagram where the numerical data show profits in millions of dollars. Beta's profits are shown in the northeast corner and Alpha's profits in the southwest corner of each cell. If Alpha and Beta engage in collusion, the outcome of the game will be at cell:
A. A.
B. B.
C. C.
D. D.