The maximum price pipelines can charge for distributing gas:
a. is determined in a monopolistic market.
b. depends on the market demand and supply.
c. is set by the federal government.
d. is always above the legal minimum.
C
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Find the real exchange rate for the following case: Assume that the representative basket of European goods and services costs 40 euros and the representative U.S
basket costs $50, and the dollar/euro exchange rate is $0.90 per euro, then the price of the European basket in terms of U.S. basket is ________.
In which case(s) does(do) a country's supply of loanable funds shift right?
a. both an increase in the budget deficit and capital flight b. an increase in the budget deficit, but not capital flight c. capital flight, but not an increase in the budget deficit d. neither an increase in the budget deficit nor capital flight
Which of the following is NOT an example of a transaction cost?
A. the cost of returning a defective product B. time spent bargaining over the price of a good C. the enjoyment of owning the good D. the opportunity cost of time spent looking for stores that sold the good desired
The Federal Reserve System regulates the money supply primarily by:
A. controlling the production of coins at the U.S. mint. B. altering the reserve requirements of commercial banks and thereby the ability of banks to make loans. C. altering the reserves of commercial banks, largely through sales and purchases of government bonds. D. restricting the issuance of Federal Reserve Notes because paper money is the largest portion of the money supply.