Bans are applied to:
A. common-resource problems.
B. reduce the inefficiency created by overuse.
C. situations where the optimal quantity of consumption is zero.
D. All of these statements are true.
D. All of these statements are true.
You might also like to view...
Consider the market for feather pillows. If there is an increase in the price of feather dusters, a substitute in production for feather pillows, then
A) there is a downward movement along the demand curve for feather pillows. B) the supply curve for feather pillows shifts leftward. C) the price of feather pillows decreases. D) the demand curve for feather pillows shifts rightward. E) the demand curve for feather pillows shifts leftward.
If reserves in the banking system increase by $100, then checkable deposits will increase by $100 in the simple model of deposit creation when the required reserve ratio is
A) 0.01. B) 0.10. C) 0.20. D) 1.00.