In the 1980s, some states in the United States had significantly more bank failures than other states. What industries did the former states depend on heavily?
a. Oil and agriculture
b. Tourism
c. Defense and aeronautics
d. Construction and textiles
e. The computer industry
a
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The marginal product of labor curve is the demand curve for labor
Indicate whether the statement is true or false
Liquidity refers to the
a. rapidity with which money flows through the economy. b. ease with which an asset can be converted into cash. c. ease with which banks move funds from checking to savings accounts. d. All of the above are correct.
In markets with incomplete information, middlemen tend to ________ total economic surplus by ________.
A. reduce; giving misleading information B. increase; matching sellers with buyers who have high reservation prices C. increase; raising prices D. reduce; raising prices
Excise tax is usually administered in association with______.
a. investments b. income c. death d. sales