Suppose you are given a rare antique by a long-lost relative. The value of this rare antique would be included in which of the following types of wealth?
A) financial wealth
B) housing wealth
C) human wealth
D) none of the above
A
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Refer to Figure 16-1. What is the price charged under perfect price discrimination?
A) P3 B) P4 C) a range of prices corresponding to the demand curve from P3 and above D) a range of prices corresponding to the demand curve from P4 and above
First, explain what seignorage is. Second, write out and explain the expression that represents seignorage. And finally, what policies can a central bank implement to increase seignorage?
What will be an ideal response?
Which situation below would represent a shortage in the oil market?
A. quantity demanded is 5.2 million; quantity supplied is 5.1 million. B. market price $75.00 per barrel; equilibrium price $81.00 per barrel. C. market price $81.00 per barrel; equilibrium price $75.00 per barrel. D. quantity supplied this year is 25% greater than quantity supplied last year.
The portion of the Obama stimulus package that bolstered state welfare plans is best thought of as
A. monetary policy. B. nondiscretionary fiscal policy. C. discretionary (and expansionary) fiscal policy. D. discretionary (and contractionary) fiscal policy.