If capital is not being used efficiently, an economy cannot be operating at a point along its production possibilities frontier
a. True
b. False
A
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What goods are available to all without direct payment?
A. private goods B. public goods C. common goods D. toll goods
Because the banking system operates using fractional reserves,
a. the money multiplier is greater than one. b. excess reserves are equal to zero. c. required reserves are equal to 100 percent. d. banks can loan out only their required reserves. e. the money multiplier must be equal to zero.
A program likely to make a big dent in chronic poverty is:
A. health insurance. B. unemployment insurance. C. job training. D. none of the above are likely to be effective in reducing chronic poverty.
The legislation which outlawed price discrimination for the purpose of reducing competition was the:
A. Sherman Act. B. Clayton Act. C. Robinson-Patman Act. D. Celler-Kefauver Act.