Choose the letter of the diagram in Figure 16.1 that illustrates the effects of supply-side policies designed to increase the capacity of the economy.
A. a.
B. b.
C. c.
D. d.
Answer: B
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The Bank of Pitland, which is the highest financial institution in Pitland, has bought treasury bonds worth $2.2 billion from a private bank. How will this transaction affect the balance sheets of the private bank and the Bank of Pitland?
What will be an ideal response?
Health insurance companies impose deductibles on policies and copayments on claims to
A) increase prices. B) increase sales. C) reduce the moral hazard problem. D) increase asymmetric information.
Which of the following is a characteristic of an oligopolistic market structure?
A) There are few dominant sellers. B) Each firm sells a unique product. C) Each firm need not react to the actions of rivals. D) It is easy for new firms to enter the industry.
Who was the leader that introduced communism and central planning to the former Soviet Union?
a) Karl Marx b) Joseph Stalin c) Vladimir Lenin d) Friedrich Engels