If graphed, the relationship shown would depict this economy's:
A. Laffer Curve.
B. Lorenz Curve.
C. Tax Freedom Curve.
D. Phillips Curve.
A. Laffer Curve.
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Through correspondent banking, large banks provide services to small banks, including
A) loan guarantees. B) foreign exchange transactions. C) issuing stock. D) debt reduction.
The discount rate is kept ________ the federal funds rate because the Fed prefers that ________
A) below; banks borrow reserves from each other B) below; banks borrow reserves from the Fed C) above; banks borrow reserves from each other D) above; banks borrow reserves from the Fed
. A subsidy:
A. All of these statements are true. B. is a requirement that the government pay an extra amount to producers or consumers of a good. C. is used by governments to encourage the production and consumption of a particular good or service. D. is used by governments as an alternative to price controls to benefit certain groups without generating a shortage or a surplus.
In practice, taxes on emissions of pollutants have been found to
A. be ineffective in encouraging firms to pollute less. B. significantly reduce pollution by taxed firms. C. be less reliable in reducing pollution than direct controls on pollution. D. cause failures of the pricing system.