The largest component of M1 is
A. transaction deposits.
B. traveler's checks.
C. currency and coins.
D. time deposit.
Answer: A
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Explain how any cap-and-trade system can be made to be equivalent to a pollution tax and vice versa.
What will be an ideal response?
In the figure above, the richest 20 percent of all households receive what share of all income?
A) 10 percent B) 20 percent C) 30 percent D) 40 percent
The term strategy in terms of game theory refers to
a. the relationship between price and marginal cost b. the relationship between individual firm demand curves and the market demand curve c. each firm's game plan in making decisions d. the interrelationship between price and marginal revenue e. the tendency for collusive firms to generate normal profits
In order to minimize deadweight loss generated by taxation, a tax should be placed on goods that are:
A. price elastic. B. price inelastic. C. expensive. D. popular.