When individuals trade in open markets,
a. Pareto improvements occur
b. Pareto improvements cannot occur
c. the markets are economically efficient
d. the markets are Pareto efficient
e. there are barriers to trade
A
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What would happen to the availability of credit if banks chose to either increase or decrease the percentage of deposits they hold as reserves?
What will be an ideal response?
Ida May Fuller was the first person to:
A. receive Social Security payments for over 20 years. B. petition Congress for indexing Social Security payments. C. receive a Social Security check. D. have her Social Security check adjusted for inflation.
From time to time, the demand for workers has risen in one region of the United States and fallen in another. This illustrates
a. frictional unemployment created by efficiency wages. b. structural unemployment created by efficiency wages. c. frictional unemployment created by sectoral shifts. d. structural unemployment created by sectoral shifts.
Long-run economic growth policies focus on:
A. Shifting the aggregate demand curve to the left. B. Moving the economy along the production possibilities curve. C. Shifting the production possibilities curve outward. D. Moving the economy onto the production possibilities curve.