The FDIC
A. insures most bank deposits for up to $250,000.
B. eliminates the need for bank depositors to run to their bank when they hear bad news about the bank.
C. has been credited with reducing the number of bank failures since 1933.
D. All of these responses are correct.
Answer: D
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Refer to the above figure. Suppose that the economy starts at AD1. If the government reduces taxes, then the economy goes to AD2, but then falls back to AD1. This is an example of
A) laissez-faire. B) partial crowding-out effect. C) the free rider problem. D) complete crowding-out effect.
To cut inventories, firms produce ________ and real GDP ________, which ________ people's incomes
A) less; rises; lowers B) less; falls; lowers C) less; rises; raises D) more; falls; lowers E) more; rises; raises
The international trade agreement that was executed in the 1940s was
a. the NAFTA b. the U.S.–Mexico Border 2012 Agreement c. the London Convention d. the 1996 Protocol e. the GATT
Using the indifference curve model, a demand for X curve is derived by allowing:
A. the price of Y to change and holding the price of X and income constant. B. income to change and holding the price of X and the price of Y constant. C. the price of X and the price of Y to change and holding income constant. D. the price of X to change and holding the price of Y and income constant.