Which type of market structure has the fewest number of firms?
monopoly
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An increase in the corporate profits tax will most likely lead to:
a. a decrease in the rental rate of capital in the corporate sector. b. no change in the rental rate of capital in the corporate sector. c. no change in the rental rate of capital in the non-corporate sector. d. an increase in the rental rate of capital in the corporate sector.
If the price of hot dogs were to decrease, which of the following changes would we expect to occur in the hot dog bun market?
a. The equilibrium price of hot dog buns would decrease and the quantity of hot dog buns sold would increase. b. The equilibrium price of hot dog buns would increase and the quantity of hot dog buns sold would decrease. c. The equilibrium price of hot dog buns would increase and the quantity of hot dog buns sold would increase. d. The equilibrium price of hot dog buns would decrease and the quantity of hot dog buns sold would decrease. e. The equilibrium price of hot dog buns would stay the same and the quantity of hot dog buns sold would increase.
An expansionary fiscal policy:
a. may include reductions in taxes. b. may include discretionary increases in transfer payments. c. may include increases in government spending. d. All of the answers are correct.
Which of the following would not be included in M1?
A. money market accounts B. checking accounts C. demand deposits D. traveler's checks