Which of the following is not a basic monetary policy tool used by the Fed?
A. The discount rate.
B. Reserve requirements.
C. Open-market operations.
D. The income tax rate.
D. The income tax rate.
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When does technology spillover occur?
a) when a firm passes the high costs of technical research on to society through higher prices b) when copyright laws prohibit firms from profiting from the research of others c) when a firm's research yields technical knowledge that is used by society as a whole d) when the government subsidizes firms engaged in high-tech research
If an economy cannot produce more of one good without producing less of another good, this implies that which of the following has been achieved?
A) allocative efficiency B) minimum marginal cost C) PPF efficiency D) production efficiency E) maximum marginal benefit