Which type of legislation has widespread benefits and widespread costs?
a. traditional public-goods
b. special interest
c. populist
d. competing interest
a
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Liquidity is the
A) speed with which the price of an asset changes as its intrinsic value changes. B) inverse of the velocity of money. C) same as the velocity of money. D) ease with which an asset can be converted into money.
The only solution available to a country experiencing extremely high rates of inflation is to:
A. revert to a gold standard. B. raise interest rates. C. peg your currency to another country's currency. D. reduce money growth.
George produces cupcakes. His production cost is $10 per dozen. He sells the cupcakes for $16 per dozen. His producer surplus per dozen cupcakes is
a. $6. b. $10. c. $16. d. $26.
Eldin is a house painter. He can paint three houses per week. He is considering hiring his friend Murphy. Murphy can paint five houses per week. What is the maximum total output possible if Eldin hires Murphy?
a. 2 houses b. 3 houses c. 5 houses d. 8 houses