A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates
A) the law of supply.
B) the law of demand.
C) a change in supply.
D) the nature of an inferior good.
A
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An important feature of representative democracy is the incentive and political power it offers participants to employ legislation to increase their wealth, either through direct transfers or through favorable public expenditures and regulations. Such benefits are called ________ , and the activity that interest groups undertake to elicit these special favors is called ________
a. taxes; tax-seeking b. dividends; portfolio management c. rents; rent-seeking d. interest; investment
Which type of business involves one partner managing while the others are financial partners only?
a. sole partnership b. general partnership c. limited partnership d. managerial partnership e. none of these
Discuss the criticisms leveled against the Aid to Families with Dependent Children program.
What will be an ideal response?
Which of the following does the federal reserve use most often to combat a recession?
a) selling securities b) buying securities c) reducing reserve requirement d) increasing discount rate e) increasing federal funds rate