Social Security payments are examples of
A) transfer payments. B) nondurable goods. C) durable goods. D) services.
A
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If Jacqueline is willing to accept $1 for a cupcake and Jameson is willing to pay $3 for a cupcake, the producer surplus will ________ if the negotiated price is $1.50 as opposed to $2.00
A) increase B) decrease C) not change D) All of the above are possibilities.
Which of the following is not a possible source of last-minute reserves for a private bank?
A. Selling bonds. B. Borrowing reserves from other banks. C. Raising the discount rate. D. Borrowing reserves from the Federal Reserve System.
Which of the following examples accurately reflects monopolistic competition?
a. Stable, Inc. has a steady number of customers and doesn’t seek any more. b. TopDrawer, Inc. tries to limit its customers to a select few. c. JStar, Inc tries to sell as many cell phones to customers as possible. d. Whole Farms doesn’t really care how many buyers purchase its produce.
The natural rate of unemployment is equal to the unemployment rate when there is only:
A. structural and cyclical unemployment. B. structural and frictional unemployment. C. frictional unemployment. D. cyclical unemployment.