The economist who argued that most prices in a mixed economy are set by the nation's largest corporations was
A. Adam Smith.
B. Karl Marx.
C. John Maynard Keynes.
D. John Kenneth Galbraith.
D. John Kenneth Galbraith.
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Refer to Scenario 5.1. The expected value of the undertaking,
A) according to Sarah, is $75,000. B) according to Sarah, is $100,000. C) according to Sarah, is $110,000. D) according to Aline, is $200,000. E) according to Aline, is $100,000.
Which of the following is a determinant of consumer demand?
A) expectation of the future relative price of a product B) taxes imposed on firms that sell the product C) cost of inputs used to produce the product D) number of firms that produce the product
Suppose the market demand function in a certain market where Q is measured in thousands of units is Qd = 20 - 2.5P, and the market supply function is Qs = 2.5P - 7.5. How much deadweight loss would there be in this market if the quantity bought and sold was 8,500 units?
A. $2.03 B. $4.05 C. $1,800 D. $2,025
____ is the rate that applies when banks borrow and lend reserves to one another
a. The repo rate b. The discount rate c. The coupon rate d. The federal fund rate