Which of the following is untrue?
A) New issues of commercial paper can be sold directly to buyers or through dealers
B) State and local governments buy commercial paper
C) Individuals are major purchasers of commercial paper
D) Nonfinancial firms buy commercial paper
C
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The table above shows the total product schedule for The X Firm. Decreasing marginal returns occur with the ________ worker because ________
A) 5th; the marginal product of labor for the 5th worker is less than the marginal product of the 4th worker B) 5th; the average product of labor is also declining C) 4th; output reaches is maximum D) 6th; output starts to decline E) 6th; the marginal product of labor is greater than the average product of labor
Suppose a market has only one seller and only one buyer of a good. The buyer has a reservation value of $25 and the seller has a reservation value of $15. The market price of the good is determined at $20
If they trade, the social surplus will be ________. A) $10 B) $20 C) $40 D) $60
Will the use of the euro help increase economic growth in countries in the European Union? Will it help individual countries using the euro in times of recession? Explain
What will be an ideal response?
When a profit-maximizing firm in a competitive market experiences rising prices, it will respond with an increase in production
a. True b. False Indicate whether the statement is true or false