Author Question: Sellers turn so frequently to government in efforts to protect themselves from competition because ... (Read 63 times)

joblessjake · **on:** Jun 29, 2018

Sellers turn so frequently to government in efforts to protect themselves from competition because government

A) can be influenced by monetary payments.
B) can use coercion against competitors.
C) has rather consistently forced firms to compete when they preferred not to.
D) is charged with protecting the public interest.
E) is under the thumb of monopolists.

Question 2

When a commercial bank borrows directly from the Fed, it pays

A) a zero rate of interest.
B) an interest rate called the federal funds rate.
C) an interest rate called the discount rate.
D) the Fed in a mutually agreed upon quantity of gold reserves in its vaults.