Which of the following is usually true about government-provided goods?
a. These goods have a zero opportunity cost.
b. These goods are not scarce.
c. People do not have to pay a fee to enjoy these goods.
d. The invisible hand is at work to ensure these goods are provided in the market
c
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The demand for loanable funds is the relationship between loanable funds and the ________ other things remaining the same
A) real interest rate B) nominal interest rate C) inflation rate D) price level
Which of the following will increase the total amount of reserves banks are holding?
A. A bank increases the number of loans to firms and households. B. A bank borrows reserves from the Federal Reserve. C. A bank attracts new customers depositing funds into their checkable deposits. D. The Federal Reserve reduces the reserve requirement.
The major objective of the 1986 tax reform was to: (i) enhance efficiency by lowering marginal tax rates; (ii) enhance equity by closing "loopholes."
a. i and ii b. i but not ii c. ii but not i d. neither i nor ii
Which of the following legal creations is imperative to creating profits for prescription drug companies?
A. Patents B. Copyrights C. Corporations D. Trademarks