In a capitalistic economy:
a. The government owns the means of production
b. Markets can never be competitive
c. Consumers can never be sovereign
d. There is a reliance on the market system
d. There is a reliance on the market system
Economics
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When the Fed buys securities from the public, banks' reserves ________ and the quantity of money ________
A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases E) do not change; increases
Economics
A new U.S. import quota on imported steel would be likely to: a. reduce the cost of production to steel-using American firms. b. generate tax revenue to the government
c. increase U.S. production of steel. d. increase the production of steel-using American firms.
Economics