Oligopoly is ________ to analyze because of the interdependence that usually exists among oligopolistic firms.
A. difficult
B. fairly easy
C. very easy
D. impossible
Answer: A
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As the Federal Reserve ________ bonds, interest rates fall and the price of bonds ________
A) sells; rises B) buys; rises C) sells; falls D) buys; falls
If the Fed lowers the reserve requirement, then this
A) decreases excess reserves, causes banks to reduce their loans, and decreases the money supply. B) increases excess reserves, encourages banks to make more loans, and increases the money supply. C) decreases excess reserves, causes banks to reduce their loans, and increases the money supply. D) increases excess reserves, causes banks to reduce their loans, and increases the money supply.
From a purely economic point of view, discrimination exists when
a. black teenagers earn more than white teenagers. b. all factors are earning average products. c. women earn less than men. d. equivalent factors earn different payments for equal contributions to output.
Discuss and contrast the advantages and disadvantages of public highways versus toll roads.
What will be an ideal response?