What is the main potential benefit of water markets?
a. More water is available for ecological uses
b. Water is used for its most highly-valued purposes
c. Underground aquifers can become replenished
d. More water is available for lower-income households
e. Water use is managed by a centralized agency
Answer: b. Water is used for its most highly-valued purposes
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Although open market operations and discount loans both change the monetary base, the Fed has
A) greater control over open market operations than over discount loans. B) greater control over discount loans than over open market operations. C) very little control over either discount loans or open market operations. D) complete control over both discount loans and open market operations.
If a price floor of $23 were placed on the market in the graph shown, which area represents the surplus that is transferred?
A. B + C + D
B. B + C
C. C
D. B
According to the above table, the equilibrium price of earbuds is
A. $16. B. $10. C. $12. D. $14.
In the United Kingdom, regulation of the financial system is concentrated in two agencies. They are:
A. The Financial Conduct Authority and the Bank of England. B. The Financial Conduct Authority and English Banking Authority. C. The Bank of England and the U.K. Treasury. D. The Federal Deposit Insurance Conglomerate and the Bank of England.