An index based on a mail survey of 5,000 households by the Conference Board that measures households' perceptions of general business conditions, available jobs in the households' local area, and expected personal family income in the coming six
months is called the: A) Consumer Sentiment Index.
B) Consumer Confidence Index.
C) Consumer Satisfaction Index.
D) Consumer Consumption Index.
B
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Transfer payments include
A) open market sales. B) Social Security. C) consumption taxes. D) dividends.
In Germany, banks __________ shares in the large firms they lend to, which __________ lender-stockholder conflict
A) are not allowed to own; is their way of minimizing B) are not allowed to own; gives rise to C) own a considerable bloc of; is their way of minimizing D) own a considerable bloc of; gives rise to
Suppose the market for "soda X" is in equilibrium. If the FDA announced today that this soda has been proven to cause a fatal disease, what would be most likely to happen to the equilibrium price and equilibrium quantity of soda X?
a. price increases and quantity increases b. price decreases and quantity increases c. price increases and quantity increases d. price decreases and quantity decreases e. no change in price and quantity
When goods and services are produced at the lowest possible cost, ________ occurs
A) allocative efficiency B) productive efficiency C) equity D) efficient central planning