Economics Textbooks (48)

The cost to a member bank of borrowing from the Federal Reserve is measured by the a. reserve requirement. b. price of securities in the open market. c. discount rate. d. yield on government bonds.

Go to the IMF website at www.imf.org and find the World Economic Outlook database; then download data on the current account balance (as a percent of GDP) for Greece, Spain, Portugal, Italy, and Ireland. What happens to the current accounts of these countries after 2009 during the euro crisis? Can you explain what you see?

Define benefit and cost externalities. Explain why situations involving benefit externalities tend to result in an underallocation of society's scarce resources, and why situations involving cost externalities tend to result in an overallocation of society's scarce resources.

Each firm in a competitive market has a cost function of \(C=36+q^{2},\) so its marginal cost function is \(M C=2 q .\) The market demand function is \(Q=48-p .\) Determine the long-run equilibrium price, quantity per firm, market quantity, and number of firms. A

Which is the most accurate statement? (L.O8) a) Employment discrimination has been almost entirely wiped out over the last few decades. b) The glass ceiling no longer exists. c) Nearly everyone agrees that Walmart is an equal opportunity employer. d) Women have won huge settlements in scx discrimination suits against their cmployers.