Police protection in a community is an example of a _____
a. merit good
b. club good
c. public good
d. private good
c
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Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
Why are some insurance companies interested in programs for nationwide disaster insurance for floods, earthquakes, and hurricanes?
What will be an ideal response?
In September 2008, Regions Bank has $89 million in M1 deposits, $3 million in reserves and $81 million in loans. Regions Bank's desired reserve ratio is
A) 3.4 percent. B) 3.7 percent. C) 91 percent. D) 29.67 percent.
Which of the following best represents the effects of a decrease in the price of tomato juice, other things being equal?
A. An upward movement along the demand curve for tomato juice. B. A downward movement along the demand curve for tomato juice. C. A rightward shift in the demand curve for tomato juice. D. A leftward shift in the demand curve for tomato juice.