Which of the following terms describes the situation in which all resources are able to move to their highest-valued uses via voluntary exchange?
A. economic efficiency
B. a market failure
C. government intervention
D. an externality
Answer: A
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A cash item in the process of collection is
A) a U.S. Treasury bill that has matured, but for which the bank has not yet received payment. B) a car loan payment that is due but not yet received by the bank. C) a check drawn against another bank, from whom the funds have not yet been collected. D) currency that has been deposited in the bank, but not yet formally counted and entered into the bank's balance sheet.
The government often enacts regulation that benefits producers because
a. the government seeks to regulate in the best interest of the public b. consumers have less information than producers and therefore seek government protection c. consumers have a strong interest in matters that affect their standard of living d. producers have a strong interest in matters that affect their specialized source of income e. producers seek to act in the best interest of the public
A merger between Bank of America and Citibank would be a ____ merger.
A. horizontal B. vertical C. conglomerate D. diversifying
A decrease in the price of domestically produced nuclear reactors will be reflected in Select one:
a. both the GDP deflator and the consumer price index.
b. neither the GDP deflator nor the consumer price index.
c. the GDP deflator but not in the consumer price index.
d. the consumer price index but not in the GDP deflator.