What is a mixed economy?
A. An economy in which production and distribution is done by both a private sector and a public sector.
B. An economy that has a mixture of resources.
C. An economy run by representatives of different political parties.
D. An economy that produces a blend of various products rather than concentrating on a single product.
A. An economy in which production and distribution is done by both a private sector and a public sector.
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During the turmoil in the market for subprime mortgages in 2007 and 2008, the Fed increased the volume of discount loans. The goal of the Fed was to
A) reduce unemployment. B) stimulate economic growth. C) reduce the rate of inflation. D) reassure financial markets and promote financial stability. E) reduce the current account deficit.
Games can be judged according to the payoffs
A) as zero-sum, negative-sum, and positive-sum games. B) as collusive or noncollusive games. C) as competitive or noncompetitive games. D) whether all companies participate or not.
Nominal gross domestic product is based on:
a. the existing prices at which final goods and services are actually sold. b. prices of final goods and services adjusted for inflation. c. prices at which intermediate goods are sold. d. none of these.
A clear property right to ownership of air would reduce the problem of air pollution
Indicate whether the statement is true or false