All of the following countries come close to the free market benchmark except
A) Canada. B) Germany. C) North Korea. D) Singapore.
C
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When the Fed supplies the banking system with an extra dollar of reserves, deposits ________ by ________ than one dollar—a process called multiple deposit creation
A) increase; less B) increase; more C) decrease; less D) decrease; more
A consumer values a car at $30,000 and a producer values the same car at $20,000 . If a tax is levied on the seller, what level of tax will result in unconsummated transaction?
a. 0% b. 25% c. 60% d. 40%
If the price of marketable permits is kept very high, _____
a. the quantity of pollution in the economy will increase b. a network externality will arise c. firms will adopt more efficient pollution abatement equipment d. environmental groups will start selling additional permits in the market e. firms will have a greater incentive to pollute
The statement "risk requires compensation" implies that people:
A. will only accept risk when they are rewarded for doing so. B. avoid risk at all cost. C. only accept risk when they absolutely have to. D. do not take risk.