What is the cost of money?
(A) The economy's use of open market operations.
(B) The bank's use of money creation.
(C) The smoothing out of fluctuations in the market.
(D) The price of the interest rate
Ans: the price of the interest rate
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The First Continental Congress met in September and October of 1774 and listed several complaints against the British government, including
(a) an objection not to the Navigation Acts but to the taxation without consent. (b) the argument that they were entitled to all the rights of British citizenship. (c) the demand that virtually all of the laws passed by Britain on the colonies since 1763 be repealed. (d) all of the above.
How do subsidies distort trade patterns and lead to inefficiencies?
Which statement is true?
A. You can have a shortage without scarcity. B. No scarcity will exist at a market equilibrium price. C. The terms "shortage" and "scarcity" are identical concepts in economics. D. You can have scarcity without a shortage.
Which of the following legal creations is imperative to creating profits for prescription drug companies?
A. Patents B. Copyrights C. Corporations D. Trademarks