Bans are applied to:
A. common-resource problems.
B. reduce the inefficiency created by overuse.
C. situations where the optimal quantity of consumption is zero.
D. All of these statements are true.
D. All of these statements are true.
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Government actions designed to affect the performance of the economy as a whole are called ________ policies.
A. macroeconomic B. social C. microeconomic D. global
Cartels are formal agreements and are _____ in the United States.
a. legal b. rare c. common States d. illegal
Excise taxes are a form of sales tax
a. True b. False Indicate whether the statement is true or false
If a person withdraws $500 from his/her checking account and holds it as currency, then M1 will ________ and M2 will ________
A) increase; decrease B) not change; not change C) not change; increase D) decrease; increase E) decrease; decrease