Direct transfer programs
a. are generally less efficient and less politically acceptable than subsidy programs
b. are generally more efficient and more politically acceptable than subsidy programs
c. are generally less efficient but more politically acceptable than subsidy programs
d. are generally more efficient but less politically acceptable than subsidy programs
e. will generally result in increased production by the group being subsidized
D
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Refer to Scenario 10.8. The deadweight loss from monopoly is ________
A) 0 B) 5 C) 10 D) 25 E) none of the above
The lower the discount rate relative to the federal funds rate, the more likely a commercial bank will borrow from
A) another commercial bank instead of the Fed. B) the Fed instead of another commercial bank. C) the U.S. Treasury instead of either the Fed or another commercial bank. D) the public.
Banks create money when they increase demand deposits through the process of creating loans
a. True b. False Indicate whether the statement is true or false
In economics, a firm that makes a zero economic profit is said to be earning a normal profit.
Indicate whether the statement is true or false.