The LM curve shows equilibrium in the _______ market at various levels of interest rates and GDP.
A) forex
B) goods
C) equities
D) money
Ans: D) money
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Currently kidneys are allocated based on the needs of each perspective recipient, their blood type, and the urgency of their case. An alternative way to allocate kidneys is to go by the order in which patients were placed on the waiting list
In that case, the allocation of resources is made using A) market price. B) auction. C) first-come, first-served. D) personal characteristics.
Patents create monopolies by restricting
A) demand. B) prices. C) entry. D) profit.
One reason why the average salary of Major League Baseball players is higher than the average salary of college professors is
A) competition among baseball club owners forces player salaries to be much higher than the players' marginal revenue products. B) the marginal revenue product of baseball players is greater than the marginal revenue product of college professors. C) the careers of most baseball players are much shorter than the careers of most college professors. D) college professors accept lower salaries in exchange for better working conditions.
After 1995 U.S. growth rate ________ and the European Rate ________
A) slowed down; speeded up B) speeded up; slowed down C) slowed down; slowed down D) speeded up, speeded up