People in developing countries may want to participate in a rotating savings and credit association (ROSCAS) because:
a. such associations are part of the black market and they offer attractive returns.
b. such associations promise a guaranteed return unlike other banking institutions.
c. such associations allow participating individuals to invest their savings abroad.
d. such associations allow all but the last member to receive funds faster than they could save on their own.
e. most governments encourage it.
d
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Deadweight loss as a result of taxation occurs because the:
A. quantity of a good that is bought and sold is above the market equilibrium quantity. B. price that is charged to the consumer is lower than the price the seller receives. C. price that is charged to the consumer is above the market equilibrium quantity. D. quantity of a good that is bought and sold is below the market equilibrium quantity.
What is the marginal cost of producing one unit of A for an economy that produces only two goods, A and B
When Fed policy is being used to offset a contractionary gap, which of the following variables decreases as a result? a. Aggregate demand
b. Investment. c. Net Exports. d. None of the above variables decreases as a result of Fed policy to offset a contractionary gap..
If the rightward shift of the supply curve is greater than the leftward shift of the demand curve, the equilibrium price will ______ and the equilibrium quantity will ______.
a. rise; fall b. fall; rise c. rise; rise d. fall; fall