According to the textbook, which of the following methods for coordinating the supplies and demands for scarce goods tends to work best to enhance the freedom and power of people who want the goods?
A) A lottery
B) Equal shares for all
C) First come, first served
D) Highest money bid
E) Might makes right
D
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How do changes in the demand for and supply of loanable funds change the real interest rate and quantity of loanable funds?
What will be an ideal response?
In Cost Calculations for Pizza Shack Company, if the fixed cost went up to $50, then at an hourly output of 6 Pizza Shackâs TC would ______ and its ATC would ______.
a. increase to $106; decrease to $8.15
b. increase to $106; increase to $17.67
c. decrease to $90.00; decrease to $15.00
d. increase to $186; increase to $31.00
Of the collection of supply and demand diagrams in Figure 2.2, which one shows the result of an increase in technology in the market for anything?
A. Figure 1 B. Figure 2 C. Figure 3 D. Figure 4
Show, using a supply-and-demand diagram, what would happen to the short-term interest rate (that is, the federal funds rate) if the Federal Reserve increases the amount of money available to banks to lend.
What will be an ideal response?