Factors supplying and absorbing bank reserves constitute the
A) Federal Reserve credit equation.
B) bank reserve equation.
C) equation of exchange.
D) money market.
B
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The economic incentive for third-degree price discrimination is based upon ________.
A. differences among sellers' costs B. a desire to evade antitrust legislation C. prejudices of business managers D. differences among buyers' elasticities of demand
The unemployment caused by minimum wage would be larger if
A) both labor demand and labor supply are more elastic. B) both labor demand and labor supply are more inelastic. C) minimum wage is set equal to the equilibrium wage rate. D) minimum wage is set below the equilibrium wage rate. E) both labor demand and labor supply are perfectly inelastic.
Under a system of marketable pollution permits:
A. firms with lower costs of reducing emissions are likely to sell permits to those with higher costs of reducing emissions. B. environmentalists can decrease pollution by purchasing permits. C. the government can decrease the amount of pollution to the desired level. D. All of these are correct.
All of the following are market determinants of exchange rates EXCEPT
A. changes in productivity in one country relative to another. B. changes in the relative prices of goods and services within a country. C. changes in real interest rates in one country relative to another. D. changes in product preferences between countries.