The Federal Deposit Insurance Corporation (FDIC) guarantees that depositors will receive reimbursement for up to ______________ of their money that is deposited in each account even if the bank fails.
a. $250,000
b. $100,000
c. $50,000
d. $500,000
a. $250,000
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Long Beach Island, off the coast of New Jersey, is considering building a sand barrier to protect the houses on the island from future hurricanes. The marginal social benefit of the barrier is equal to the
A) marginal private benefit of the person who benefits the most from the barrier. B) marginal private benefit of the person who benefits the least from the barrier. C) sum of the marginal private benefits for anyone who benefits from the barrier. D) difference between the marginal private benefit of the person who benefits the most and the person who benefits the least from the barrier.
Rent control is a price _____.
Fill in the blank(s) with the appropriate word(s).
In a sporting goods store, you can buy the equipment you want and forgo the rest. But in an election you "buy" the entire range of the candidate's positions, including some you may not agree with. This difference:
A. reflects limited and bundled choices in the public sector. B. describes the paradox of voting. C. describes the principal-agent problem in the public sector. D. creates bureaucratic inefficiency in the public sector.
Refer to the above table If the price of a movie download is $2 and the price of an apple pie is $5 and the consumer has $40, the rational consumer will purchase
A. 6 movies and 6 apple pies. B. 2 movies and 3 apple pies. C. 2 movies and 2 apple pies. D. 5 movies and 6 apple pies.