Most economists favor less interference in the marketplace by government because
A. economists ignore the positive impact of government because they focus only on GDP.
B. they believe that corporations and individuals are in a better position to know which investments are most likely to pay off.
C. economists have a lot of money invested in the stock market, and they don't want the government to spoil their investments.
D. the government is too corrupt.
Answer: B
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Under conditions of perfect competition, maximum profit or minimum loss occurs at the point where
a. AR = ATC. b. MR = AR. c. AR = MC. d. AVC = ATC.
Suppose that a drought significantly reduces agricultural production one year. Which of the following would likely occur as a result of the bad weather?
a. The short-run aggregate supply curve will shift to the right, and the short-run Phillips Curve will shift to the right. b. The short-run aggregate supply curve will shift to the right, and the short-run Phillips Curve will shift to the left. c. The short-run aggregate supply curve will shift to the left, and the short-run Phillips Curve will shift to the right. d. The short-run aggregate supply curve will shift to the left, and the short-run Phillips Curve will shift to the left.
When investors use borrowed funds to pay for investments, it's called:
A. herding. B. hedging. C. leveraging. D. tulip mania.
Who provides insurance for all demand deposit accounts up to $100,000 in banks choosing its protection?
a. Federal Deposit Insurance Corporation b. Federal Reserve c. Office of Management and Budget d. Treasury e. Securities and Exchange Commission