The Fed
A. lends money to the public.
B. lends money to foreign governments.
C. issues deposits to the public.
D. clears inter-bank payments.
Answer: D
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Use the figure below to answer the following question.
If the output level is Q2, then there will be
A. greater marginal benefits than marginal costs of the product. B. minimum net consumer surplus. C. allocative efficiency. D. maximum deadweight losses.
What are the two ways in which extractive institutions affect the number of entrepreneurs in a nation?
What will be an ideal response?
If the inverse demand curve a monopoly faces is p = 100 - 2Q, MC is constant at 16, and the government imposes an $8 per unit specific tax on the monopoly, the deadweight loss due to both the monopoly and the tax is
A) $529. B) $1332. C) $1764. D) $441.
A country could effectively increase its productivity and per capita economic growth rate by ______.
a. promoting larger families b. investing in physical capital c. requiring children to work rather than attend school d. encouraging citizens to consumer their incomes