The short-term interest rate is determined in the:
A. stock market.
B. money market.
C. loanable funds market.
D. exchange rate market.
Answer: B
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In 2012, the combined expenditures of federal, state, and local governments in the United States were approximately
a. 9 percent of GDP. b. 24 percent of GDP. c. 38 percent of GDP. d. 45 percent of GDP.
The tax burden falls more heavily on the side of the market that is more inelastic
a. True b. False Indicate whether the statement is true or false
In the following graph, the price of capital is $12 per unit. How many units of labor should the firm use in order to produce 200 units of output at the least cost?
A. 22 units of labor B. 30 units of labor C. 18 units of labor D. 40 units of labor E. 12 units of labor
Discuss specific firm behavior that reduced the level of competition in an industry. What are the opportunity costs of greater concentration?
What will be an ideal response?