Winner-take-all markets may be applied to the
A. winnings of those who hit the lottery.
B. winnings of gamblers.
C. the luck of those who inherit billions of dollars.
D. the compensation of CEOs of large corporations.
D. the compensation of CEOs of large corporations.
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When the demand curve shifts rightward and the supply curve shifts leftward, then the equilibrium price ________ and the equilibrium quantity ________
A) rises; decreases B) falls; increases C) rises; probably changes but the direction of the change cannot be determined D) probably changes but the direction of the change cannot be determined; increases
Contracting is a better arrangement for operating an electricity market than is a spot market
Indicate whether the statement is true or false
In order to safeguard the proper functioning of our monetary system, in 1913 Congress created the
a. Treasury Department b. FDIC c. National Bank Act d. future funds rate e. Federal Reserve System
The tax reductions, increases in defense expenditures, and budget deficits of the 1980s are characteristic of
a. expansionary fiscal policy. b. the crowding-out effect. c. restrictive fiscal policy. d. the paradox of thrift.