Federal Deposit Insurance Corporation protection of deposits
a. increases the likelihood of bank runs
b. increases bankers' incentives to be cautious with depositors' money
c. reduces bankers' incentives to be cautious with depositors' money
d. lessens the need for the Fed to regulate banking activity
e. began in 1913 with the creation of the Fed
C
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In this graph, what are the coordinates for point B?
a. ATC and q*
b. ATC and 0
c. P* and q*
d. P* and 0
Refer to the table below. If a technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price, the new equilibrium price would be:
A. $11
B. $12
C. $13
D. $14
Which one of the following is an example of a normative statement?
A. The average public school teacher earns more than the average truck driver. B. Students in smaller classes perform better on standardized tests. C. Public school teachers are not paid enough. D. The average public school teacher earns less than the average truck driver.
Which of the following would tend to reduce overall health care expenses?
A. An increase in national income B. Higher technology in medical care C. A reduction in the incidence of third-party payers D. An increase in court awards of damages in malpractice lawsuits