Nonsmoking sections in restaurants are designed to remove ____ from a market ____
a. smoke; with food service
b. third parties; for food service
c. externalities; with public goods
d. third parties; externality
e. nonsmokers; for food service
d
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The marginal revenue curve for a monopolist is always below the demand curve.
Answer the following statement true (T) or false (F)
As the price level rises
a. people will want to buy more bonds, so the interest rate rises. b. people will want to buy fewer bonds, so the interest rate falls. c. people will want to buy more bonds, so the interest rate falls. d. people will want to buy fewer bonds, so the interest rate rises.
The Depository Institutions Deregulation and Monetary Control Act of 1980 accomplished which one of the following reforms?
A. Established a uniform set of reserve requirements for all depository institutions. B. Established maximum and minimum interest rates which depository institutions were permitted to pay on checkable deposits. C. Shifted to the United States Treasury the responsibility for setting the discount rate. D. Provided presidential veto power over setting reserve requirements.
An increase in public works spending is likely to
A. Have no effect on physical capital investment. B. Increase transportation costs and environmental impact. C. Decrease physical capital investment. D. Increase market efficiency.