One News Wire article in the text has the title "Fed Cuts Key Interest Rate Half-Point to 1 Percent." The Fed has most likely reduced the:
A. Discount rate.
B. Rate for purchasing bonds in the open market.
C. Prime lending rate.
D. Rate for foreign exchange.
A. Discount rate.
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Which best explains why competition is an important part of a free-market system?
Refer to Scenario 1.1 below to answer the question(s) that follow.SCENARIO 1.1: An economist wants to understand the relationship between minimum wages and the level of teenage unemployment. The economist collects data on the values of the minimum wage and the levels of teenage unemployment over time. The economist concludes that a 1% increase in minimum wage causes a 0.2% increase in teenage unemployment. From this information he concludes that the minimum wage is harmful to teenagers and should be reduced or eliminated to increase employment among teenagers.Refer to Scenario 1.1. The collection and use of the data on minimum wage and teenage unemployment over time is an example of
A. empirical economics. B. econometrics. C. economic history. D. law and economics.
Figure 7-9
At a price of $10, the price elasticity of the demand curve depicted in is
a.
positive.
b.
approximately equal to -0.1.
c.
approximately equal to -1.
d.
approximately equal to -2.
Using the demand curve in the figure above, if the price is $25, then the quantity demanded is Question 14 options: LOOK AT WORD DOC
A. 20. B. 0. C. 10. D. None of the above answers is correct.