When the president of the Bank of America addresses Congress regarding lending standards in that industry, he is discussing
A) a macroeconomic topic.
B) a microeconomic topic.
C) incentives.
D) the big tradeoff.
B
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In the United States, the wealthiest 20 percent of households own about ________ of total wealth
A) 44 percent B) 53 percent C) 62 percent D) 83 percent
If a monopsony paid its workers a wage equal to their value of marginal product, it would be maximizing its profit
Indicate whether the statement is true or false
Which of the following would cause a decrease in the exchange value of the U.S. dollar?
a. A decrease in the amount of foreign debt purchased by U.S. citizens b. An increase in U.S. exports c. An increase in U.S. imports d. Increased demand by foreigners to buy U.S. government securities
As more bananas are consumed, marginal utility decreases at
a. the same rate for all people, approaching but never reaching zero b. the same rate for all people, and eventually becomes negative c. different rates for different people, and for everyone, it approaches but never reaches zero d. different rates for different people, and eventually, for everyone, it becomes negative e. different rates for different people, and eventually reaches zero where it remains (it cannot be negative)