What are the three sources of funding for the public sector? Can the government rely on all of these sources in the long run? Explain
What will be an ideal response?
The three sources are (1 ) explicit user fees for government goods and services, (2 ) taxes, and (3 ) borrowing. Because the government cannot borrow forever so that, in the long run, its major sources of revenue are only user fees and taxes.
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The economic incentive for third-degree price discrimination is based upon ________.
A. differences among sellers' costs B. a desire to evade antitrust legislation C. prejudices of business managers D. differences among buyers' elasticities of demand
The Fed is often considered the bankers' bank because it:
a. demands much more currency than it has available. b. no longer has a monopoly on printing paper currency. c. lowers the discount rate in order to restrict the money supply. d. holds bankers reserves, provides banks with currency and loans, and clears their checks. e. refuses to uses its power of open market operations when a quorum of state-chartered bankers petitions it.
An alternative to maintaining an undervalued currency is to ________ the fundamental value of the exchange rate by ________ monetary policy.
A. decrease; tightening B. decrease; easing C. increase; tightening D. increase; easing
According to the World View excerpt that compares GDP figures for several nations, Russia's real GDP is approximately
A. More than that of China. B. More than that of Germany. C. More than that of Mexico. D. None of the choices are correct.