The working poor are likely to be found in just a few broad occupational categories
Indicate whether the statement is true or false
F
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A single-price monopoly transfers
A) consumer surplus to producers. B) producer surplus to consumers. C) economic profit to consumers. D) economic profit to the government. E) economic profit to deadweight loss.
The income earned by the people who sell the services of the factor of production ________ is called ________
A) capital; rent B) entrepreneurship; wages C) land; profit D) entrepreneurship; profit
Which of the following would increase the supply of childcare services?
a. An increase number of childcare facilities b. An increase in the cost of certification for workers in this field c. An increase in the price of childcare d. none of the above
If the total amount of demand deposits in the country increases by $12,000 after the Fed purchases $6,000 in bonds, what is the required reserve ratio?
a. 0.4 b. 0.1 c. 0.2 d. 0.5 e. 0.3