What will a home monopolist prefer?
a. high quotas
b. low quotas
c. low tariffs
d. It would like all of these equally; that is, they are equivalent.
Answer: b. low quotas
Economics
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The Second National Bank of Townville has $400,000 in checking deposits, $125,000 in savings deposits, $500,000 in loans, $20,000 in its reserve account at the Fed, and $5,000 of currency in its vault
What is the amount of these assets and liabilities that is in M1?
Economics
Which of the following is CORRECT? Factors of production are
A) land, labor, the price system, and capital. B) the inputs used to produce goods and services. C) the fundamental source of abundance. D) only land and labor.
Economics