The invisible hand enforces the tendency toward
A. MR = MU.
B. MC = P = MU.
C. MC = MPP = P.
D. MRP = MPP = P.
Answer: B
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Which of the following is NOT a part of the Federal Reserve System?
A) the Federal Deposit Insurance Corporation B) the Board of Governors C) the Twelve District Federal Reserve banks D) the Federal Open Market Committee
A perfectly competitive firm's marginal revenue curve is downward sloping
Indicate whether the statement is true or false
Nominal government purchases were $2226.2 billion in 2008 and rose to $2372.8 billion in 2009. Real government purchases were $1940.6 for 2008 and $1958.0 for 2009, where 2005 was the base year
Calculate the percent change in the chain-weight price index for government purchases (rounded to the nearest percentage point) from 2008 to 2009. A) 2% B) 4% C) 6% D) 8%
According to the median-voter theorem, the chosen policy will be the one preferred by the:
A. median voter. B. greatest average of voters, rather than the majority of voters. C. the average voter, rather than the largest number of voters. D. largest number of voters, rather than the average voter.