Parity pricing and target pricing differ in that
a. consumers pay a higher than equilibrium price under parity pricing and a lower than equilibrium price under target pricing
b. consumers pay a higher than equilibrium price under target pricing and a lower than equilibrium price under parity pricing
c. parity pricing generates an excess supply of farm goods while target pricing generates an excess demand
d. parity pricing generates an excess demand for farm goods while target pricing generates an excess supply
e. under parity pricing, consumer demand determines price while under target pricing, market supply determines the price
A
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When the Fed extends a $100 discount loan to the First National Bank, reserves in the banking system
A) increase by $100. B) increase by more than $100. C) decrease by $100. D) decrease by more than $100.
Which of the following ideas were central to the conclusions drawn by Thomas Malthus in his 1798 "Essay on the Principle of Population"?
A) Short-run time period B) Shortage of labor C) Law of diminishing resource availability D) Law of diminishing returns