The condition of scarcity:
a. prevails in poor economies.
b. cannot be eliminated.
c. prevails in rich economies.
d. All of these choices are correct.
d
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Refer to Figure 5-15. Identify the area that shows the deadweight loss from overfishing
A) efh B) ekh C) eghk D) egh
In this type of arrangement, any balances above a certain amount in a corporation's checking account at the end of the business day are "removed" and invested in overnight securities that pay the corporation interest
This innovation is referred to as a A) sweep account. B) share draft account. C) removed-repo account. D) stockman account.
Nonconventional monetary policy attempts to reduce financial frictions by ________
A) correcting the shortage of liquidity that has made it costly for businesses to invest B) purchasing long-term assets, which raises their price and reduces the credit spread C) reducing the expected future short-term interest rate D) all of the above E) none of the above
Which of the following carries out the distribution process by rationing goods on the basis of preferences and relative incomes?
A. Administered system B. Government C. Price system D. Central planning