A demand schedule refers to the combinations of price and quantity that represent the:
A. Concerns of regulators.
B. Preferences of businesses.
C. Desires of consumers.
D. Demands of producers.
Answer: C. Desires of consumers.
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Which of the following is associated with classical growth theory?
I. Growth in real GDP can continue indefinitely. II. Technological growth increases as the population grows. III. Population explosions bring real GDP per person back to subsistence levels. A) I B) II C) III D) I and III
Open market operations refer to the buying and selling of ________ by the ________ to control the money supply
A) Treasury securities; Federal Reserve B) stocks and bonds; Treasury Department C) stocks and bonds; Federal Reserve D) Treasury securities; Treasury Department
In the prisoner's dilemma setting for producing and stealing, a tax imposed on participants could end up changing the payoff matrix so that
A. one participant is better off, and one participant is worse off. B. both participants are worse off. C. both participants are better off. D. all of the above are possible
The IMF granted in November of 2008 a $15 billion dollar loan to Hungary, which was at the time undergoing financial stress as a result of the global crisis
Indicate whether the statement is true or false