To prevent bank runs and the consequent bank failures, the United States established the ________ in 1934 to provide deposit insurance
A) FDIC
B) SEC
C) Federal Reserve
D) ATM
A
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The excess burden of a tax refers to the fact that
A) the benefits from a tax exceed the tax revenue. B) the deadweight loss from a tax exceeds the remaining consumer surplus. C) marginal cost is greater than marginal benefit after the tax. D) a tax creates a deadweight loss. E) taxes are split between buyers and sellers.
Job candidates during a job search will seek to provide employers with ________ but avoid providing ________:
A. positive signals; negative signals. B. negative signals; positive signals. C. truthful information; false information. D. as much information as possible; private information.
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to rise. b. M2 money multiplier to rise. c. M2 money multiplier to fall. d. Monetary base to remain the same.
When it's cheaper to produce two or more products in one firm than to produce them in separate firms, which of the following is said to exist?
a. Horizontal integration b. Economies of scale c. Decreasing returns to scale d. Economies of scope