Primary credit extended by the Fed is:
A. the highest interest rate loans offered by the Fed.
B. loans offered at the prime interest rate for periods exceeding thirty days but less than one year.
C. for banks needing long-term loans to work out financial problems.
D. short-term, usually overnight loans.
Answer: D
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The market supply curve for music downloads is Q = 135(P-1 ) where Q is millions of downloads and P is the price in dollars per track
If the current price is $1.20 per download, what is the change in producer surplus if the price increases by $0.20 per track? A) $5.4 million B) $8.1 million C) $10.8 million D) $27 million
The Cold War, or "war on communism,"
a. was the most expensive war of the twentieth century. b. is believed to have caused an increase in defense spending that came at the expense of private consumption rather than private investment. c. is believed to have caused an increase in defense spending that came at the expense of private investment rather than private consumption. d. Both a and b are correct. e. Both a and c are correct.
Iceland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Lavaland can produce 24 units of food per year or 12 units of clothing. Which of the following is true? a. Iceland has both a comparative and absolute advantage in producing food
b. Iceland has a comparative advantage, but not an absolute advantage in producing food. c. Lavaland has both a comparative and absolute advantage in producing clothing. d. None of the above are true.
Oligopolies can result from any of the following EXCEPT
A) economies of scale. B) vertical mergers. C) government regulation. D) diseconomies of scale.