Which of the following is a financial intermediary?
a. a mutual fund
b. the stock market
c. a U.S. government bond
d. a wealthy individual who regularly buys and holds large quantities of government bonds
a
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Refer to the table above. Assuming that the market consists of only these three sellers, what is the market supply when the price is $2?
A) 39 units B) 52 units C) 89 units D) 41 units
Increases in the minimum wage are intended to raise the incomes of low-income workers. Many economists favor a different policy to achieve this goal, a policy that avoids the deadweight losses that result from the minimum wage. What is this policy?
A) the Alternative Minimum Tax B) the earned income tax credit C) distribution of food stamps to low-income consumers D) distribution of vouchers that can be used for rent or mortgage payments