The size of the deadweight loss generated from a tax is affected by the
a. elasticities of both supply and demand.
b. elasticity of demand only.
c. elasticity of supply only.
d. total revenue collected by the government.
a
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A corporation acquires new funds only when its securities are sold in the
A) primary market by an investment bank. B) primary market by a stock exchange broker. C) secondary market by a securities dealer. D) secondary market by a commercial bank.
Overseeing who operates banks and how they are operated is called
A) prudential supervision. B) hazard insurance. C) regulatory interference. D) loan loss reserves.
Defenders of advertising
a. concede that advertising increases firms' market power. b. concede that advertising makes entry by new firms more difficult. c. contend that firms use advertising to provide useful information to consumers. d. All of the above are correct.
A technological advance that increases the productivity of teachers can be expected to have what effects on the equilibrium labor market for teachers?
A. Wages will rise, and quantity of labor will fall. B. Wages will rise, and quantity of labor will rise. C. Wages will fall, and quantity of labor will fall. D. Wages will fall, and quantity of labor will rise.