If the Fed buys US gov securities
What will be an ideal response?
the quantity of money will increase
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Two firms, A and B, are in the market and barriers to entry keep other firms from entering. The managers are involved in a Cournot oligopoly and the figure shows the best response curves for the two firms . In the Cournot equilibrium, Firm A produces ________ units per year and Firm B produces ________ units per year.
A) 250; 200 B) 400; 200 C) 250; 500 D) 200; 100
Compared to a negative income tax, the federal personal income tax is thought of as a way to promote greater equality. Why?
What will be an ideal response?
In the United States in 2012, we produce about 1 barrel of oil for every
A) barrel of oil we export. B) barrel of oil we import. C) two barrels of oil we import. D) ten barrels of oil we import.
Monopolistic competitive firms in the long run earn:
a. negative economic profits. b. zero pure economic profits. c. None of these choices are correct. d. positive economic profits.