How does the government protect depositors from the consequences of bank failure?
It created the Federal Deposit Insurance Corporation that insures demand deposit accounts, up to $100,000 .
and conducts bank audits and examinations.
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In the absence of recurring fixed costs, a monopolist will always produce a positive output quantity.
Answer the following statement true (T) or false (F)
Individual Retirement Accounts and 401(k) plans make the current U.S. tax system
a. less like European tax systems than it otherwise would be. b. more like a payroll tax than it otherwise would be. c. more like an income tax than it otherwise would be. d. more like a consumption tax than it otherwise would be.
Full employment does not mean that there is zero unemployment because
A) of unrealistic wage expectations. B) some cyclical unemployment is always present. C) of the existence of discouraged workers. D) business fluctuations are inevitable. E) some frictional unemployment is always present.
Economics is the study of
A. how people allocate their limited resources to satisfy their unlimited wants. B. the way people think rather than the way they act. C. how to own as many resources as possible. D. ceteris paribus.