An unintended bad outcome is referred to as a(n) ________ and ________ cause harm to an individual firm.
A) accident; cannot
B) mistake; cannot
C) accident; can
D) mistake; can
C) accident; can
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Refer to Table 4-3. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $30, producer surplus is
A) $0. B) $16. C) $52. D) $68.
A sign that the Federal Reserve is moving to lower interest rates would be
A) a reduction in bank reserves. B) an increase in margin requirements. C) a widening gap between the Treasury bill yield and the discount rate. D) a narrowing gap between the Treasury bill yield and the discount rate.
Generally,
A) countries with the most independent central banks have the lowest inflation rates. B) countries with the least independent central banks have the lowest inflation rates. C) countries without central banks have the lowest inflation rates. D) the degree of independence of a country's central banks has little to do with its inflation rate.
Which of the following would not act as an automatic stabilizer?
A. Corporate income taxes B. Personal income taxes C. Unemployment insurance D. Government purchases