The United States is one of the least marketized economies in the world
a. True
b. False
Indicate whether the statement is true or false
False
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The expected benefit of investment equals:
A. the real interest rate. B. private saving. C. the price of the capital good. D. the value of the marginal product of capital.
Figure 6-6
The purchase of premium cable channels is an “all-or-nothing” choice. Which graph in Figure 6-6 best illustrates the cable market demand curve?
A. 1 B. 2 C. 3 D. 4
Open-market operations, changes in reserve requirements, changes in the discount rate, and changes in the interest rate on reserves are known as
A) goals. B) intermediate targets. C) instruments. D) derivatives.
Adverse selection arises in insurance markets because
a. insurance buyers have more information than insurance sellers. b. insurance sellers have more information than insurance buyers. c. individuals can select which insurance company to patronize. d. insurance companies can exercise too much control over whom they insure.