If aluminum producers expect aluminum prices to fall in the future, this belief shifts the current ________ curve for aluminum to the ________
A) supply; left
B) demand; left
C) demand; right
D) supply; right
E) None of the above is correct.
D
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If the government allowed a free market for transplant organs such as kidneys to exist, critics argue that such a market would
a. not reduce the shortage of organs. b. benefit rich people but not poor people. c. be inefficient because markets are not good at allocating scarce resources. d. be inferior to a plan imposed by a benevolent dictator.
Dorm rooms usually are not allocated by markets. Allocating dorm rooms is:
A. not affected by economic forces. B. not an economic problem. C. determined by prices. D. an economic problem.
Which of the following is not a function of the Federal Reserve System, or the "Fed"?
A) acting as a lender of last resort B) acting as a banker's bank C) performing check clearing services D) insuring deposits in the banking system E) taking actions to control the money supply
For the following countries, specify whether hospitals are privately owned or owned by government, and whether doctors are privately employed or employed by government:
a. Canada b. Japan c. the United Kingdom d. the United States