Which of the following helps explain low growth rates of many less developed countries?
a. Good law enforcement
b. Political stability
c. Low population growth rates
d. Excellent legal systems
e. Near-subsistence levels of per capita output
E
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The ________ rate is the interest rate at which the Fed lends ________ to depository institutions
A) discount rate; reserves B) discount rate; gold C) federal funds rate; deposits D) federal funds rate; reserves
In a monopoly
A) the firm is large in an absolute sense. B) the market is small in an absolute sense. C) the firm and the industry are the same thing. D) the monopolist determines how much each firm will produce.
Vertical relationships can increase profits through
a. preventing firms from evading regulation b. creating a double-markup problem c. better aligning the incentives of manufacturers and retailers d. preventing price discrimination
If both supply and demand for a good increase, which of the following will definitely happen?
a. Equilibrium price will remain the same b. Equilibrium price will increase c. Equilibrium price will decrease d. Equilibrium quantity will increase e. Equilibrium quantity will decrease