Such spending is _________ fiscal policy.

Fill in the blank(s) with the appropriate word(s).


discretionary

Economics

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According to the factor price equalization theorem, free international trade will result in wages equating rents worldwide

Indicate whether the statement is true or false

Economics

Suppose you inherit the only spring of mineral water in an area and want to maximize profits from this costless product. You would ask your customers to bring their containers with them and:

a. charge them the highest price possible to sell some output. b. charge them the lowest price possible to sell as much as you can. c. ask them how much they would like to pay and accept it. d. charge the price at which MR is zero. e. charge the price at which MR is maximum.

Economics

In 2012, approximately what percent of the national debt was held by the Federal Reserve system?

a. 5 percent b. 10 percent c. 40 percent d. 55 percent

Economics

If there were no usury law the interest rate would be ________%.


A. 6
B. 12
C. 18
D. 24

Economics