Under autarky, domestic producer surplus is represented by the area
A) above the supply curve and below the equilibrium price.
B) above the supply curve and below the demand curve.
C) below the demand curve and above the equilibrium price.
D) above the demand curve and below the supply curve.
Answer: A
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Regulatory policy used to affect credit markets is known as ________
A) fiscal restraint B) monetary policy C) Bierstadt relaxation D) macroprudential regulation
Risk-seeking behavior:
A. is irrational. B. is an aspect of an individual's preferences. C. is the same for everyone. D. All of these statements are true.
If the liberum veto is used in a policy-making setting, it means:
A. it is easy to halt policies, because only one person needs to be bribed to stop them. B. that government is an easy target for an area to become corrupt or taken advantage of. C. complete consensus is needed for legislation to pass. D. All of these are true.
When two variables have an inverse relationship, the slope is
A) negative. B) positive. C) infinity. D) zero.