As a portion of total assets measured in billions of dollars, the most important asset on the Fed's balance sheet is:
A. gold.
B. foreign exchange reserves.
C. securities.
D. loans.
Answer: C
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To achieve faster growth, economies can increase income tax rates in order to increase saving rates
Indicate whether the statement is true or false
On average, countries that have a larger degree of economic freedom tend to have
a. higher per capita income levels, but slower rates of economic growth, than countries with less economic freedom. b. lower per capita income levels, but more rapid rates of economic growth, than countries with less economic freedom. c. both higher per capita income levels and more rapid growth rates than countries with less economic freedom. d. both lower income levels and slower growth rates than countries with less economic freedom.
For a monopoly,
a. average revenue exceeds marginal revenue. b. average revenue equals marginal revenue. c. average revenue is less than marginal revenue. d. price equals marginal revenue.
Refer to the above diagram. The quantity difference between areas A and C for the indicated price reduction measures:
A. monopoly price. B. marginal revenue. C. a welfare or efficiency loss. D. marginal cost.