Steve takes $500 from his paycheck and uses it to purchase U.S. Savings Bonds. Based on this information:
A. Steve has a capital gain of $500.
B. Steve's saving has increased by $500.
C. Steve's saving has decreased by $500.
D. Steve's wealth is unchanged.
Answer: B
Economics
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What will be an ideal response?
Economics
The George Stigler quote, "...the degree of ‘market failure' for the American economy is much smaller than the ‘political failure' arising from the imperfections of economic policies ...". illustrates the advantage of which type of public policy toward monopolies?
a. antitrust laws b. regulation c. public ownership d. "do nothing"
Economics