Fill in the blank: Wealth, in the economic way of thinking, is ________
A) whatever people value
B) owned financial assets
C) impossible to study scientifically
D) indefinable
E) any material thing
A
Economics
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The figure above shows the market for coffee. If one firm owns all the coffee outlets and sells 10 million pounds of coffee a month, the deadweight loss is
A) zero. B) $7.5 million. C) $15 million. D) $10 million
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What interest rate does the Fed charge when it makes loans to banks?
a. the prime rate b. the U.S. Treasury Bond rate c. the discount rate d. the federal funds rate e. the U.S. Treasury Bill rate
Economics