Early nineteenth century banks primarily
(a) enabled small savers to buy shares in a diversified portfolio of investments.
(b) accepted and managed checkable deposits.
(c) provided a broad range of financial services.
(d) relied on a federal safety fund in times of well spread crisis.
(a)
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If Congress conducted public hearings to decide whether subsidies should be granted to the steel industry, taxpayers would not be well represented at the hearings because
A) no hearing room would be large enough to hold all the taxpayers who would want to testify. B) single taxpayers do not have a large enough stake in the issue to justify the cost of attending the hearings. C) taxpayers would not gain or lose, no matter how the issue was decided. D) they are apathetic. E) they know only money buys votes.
Suppose that the labor market for life guards is initially in equilibrium. Then a new television series debuts which glamorizes the social opportunities for life guards. What happens to the equilibrium wage and quantity of life guards?
a. Both the equilibrium wage and quantity increase. b. Both the equilibrium wage and quantity decrease. c. The equilibrium wage increases, and the equilibrium quantity decreases. d. The equilibrium wage decreases, and the equilibrium quantity increases.
Economists Novy-Marx and Rauh contend that if Chicago wanted to adequately fund its pension systems for its public workers, it would have to put on
A. a one-time tax of nearly $42,000 per household. B. an annual tax of only $42 per household. C. an annual tax of nearly $42,000 per household. D. a one-time tax of nearly $420,000 per household.
Reimbursement rates for Medicaid are
A. uniform across the United States, but vastly different across the states. B. vastly different across the states. C. uniform across the United States. D. generous, relative to what private insurance pays.