Which of the following terms is used to refer to the ability of people to exercise authority over the resources they own?
a. natural rights
b. property rights
c. input control
d. collective control
b
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If national saving (S) is $100,000, net taxes (T) equal $100,000 and government expenditure (G) is $25,000, how much are households and businesses saving?
A) $25,000 B) $225,000 C) -$25,000 D) none of the above
Why does unemployment arise and what makes some unemployment unavoidable?
What will be an ideal response?
If a member of a cartel is the first to alert authorities to the cartel behavior, which of the following will occur to this member firm?
A) The firm will face both monetary fines and jail time. B) The firm will not face monetary fines, but its managers will face jail time. C) The firm will face monetary fines, but its managers will not face jail time. D) The firm will not be penalized.
When the Fed lowers the discount rate, it
a. lowers the cost of borrowing from the Fed, allowing banks to make more loans b. raises the cost of borrowing from the Fed, disallowing them from making the same quantity of loans c. increases the amount of excess reserves that banks hold, allowing them to make more loans d. increases the amount of excess reserves that banks hold, disallowing them from making the same quantity of loans e. decreases the amount of excess reserves that banks hold, disallowing them from making the same quantity of loans