The main purpose of the Fed is to:
A. maintain the proper functioning of our money system.
B. regulate interest rates.
C. print Federal Reserve Notes.
D. regulate financial institutions.
Answer: A
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Refer to the scenario above. In this case, how much should Tom pay for a used iPhone?
A) $80 B) $40 C) $60 D) $0
Jim’s Limited Leather dumps its tanning chemicals into a creek that it claims to own. Jim’s only neighbor, Mr. Glover, claims he owns the creek, and the chemicals are killing his fish. Why would it be impractical to apply the Coase theorem to find a workable solution in this case?
a. There are too many transactors. b. There is no externality. c. Property rights are uncertain. d. Leather is a private good.
In a perfectly competitive market, when the price is below the minimum average total cost for all firms:
A. economic profits will be equal to zero. B. the price will eventually rise once enough firms have left the market. C. firms will likely enter the market. D. accounting profits will be positive.
Discuss the allocation of direct foreign aid from IAC to the lowest-income DVC and its issues.
What will be an ideal response?