The federal funds rate is the interest rate that
a. the government charges banks who borrow from it
b. the Fed charges banks who borrow from it
c. the federal government pays to borrow money
d. federally or nationally chartered banks charge their customers for commercial loans
e. banks charge other banks for short-term loans
E
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Why must total income be identical to the dollar value of total output?
What will be an ideal response?
Under current tax law individuals do not pay taxes on health insurance benefits they receive from their employers. As a result,
A) individuals are encouraged to want generous health coverage that reduces their incentives to cut costs. B) the quality of health care provided is less than it would be if benefits were taxed. C) politicians are encouraged to raise income and payroll taxes. D) the federal government spends more than it receives in tax revenue.
In reference to worldwide competition laws, each of the following are fundamentally prohibited or highly suspicious among regulators across almost all countries except which one?
A) creation of cartels B) charging unfairly high prices C) dominant firms D) monopolies
For two oligopolistic firms facing a prisoner's dilemma in advertising, choosing not to advertise is the dominant strategy
a. True b. False Indicate whether the statement is true or false