The problems of markets can be addressed by:
A. guaranteed price matching.
B. increasing the number of sellers in the market.
C. imposing price ceilings.
D. money-back guarantees.
Answer: D
You might also like to view...
Which of the following does not describe the World Bank?
a. an economic development institution b. affiliated with the United Nations c. offers low-fee checking accounts to anyone in the world d. estimates output per capita figures e. uses output per capital figures to classify economies
The commons problem refers to:
a. a problem that arises when everything is privately owned. b. a situation when the resources are owned by the government and the common people have limited access to them. c. a problem that arises when government takes incorrect measures which adversely affect common people. d. a problem that arises when everyone has access to a particular resource. e. the adverse situation that arises when the government fails to take adequate measures to solve common problems.
Current tax rates are insufficient to finance the benefits promised by both the Social Security and Medicare programs. Are these unfunded promises surprising according to economic theory?
a. Yes, political representatives have a strong incentive to levy taxes that are sufficient to cover the cost of all programs they favor. b. No, the unfunded promises reflect the shortsighted nature of the political process. c. Yes, political representatives generally favor balancing the government budget because this is best for the economy. d. No, even though debt financing often makes sense, politicians are reluctant to use it because it will damage their chances of being reelected.
An increase in the money supply is represented by a(n):
A. rightward shift of the downward-sloping money supply curve. B. upward shift of the money supply curve. C. rightward shift of the money supply curve. D. increase in the rate of interest.