Business structure has remained relatively stable over the history of American business
Indicate whether the statement is true or false
False
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Results of the ultimatum game indicate that most people value fairness enough that they will refuse to participate in a transaction they consider unfair, even if they are worse off financially as a result
Indicate whether the statement is true or false
To signal its intention to restrict credit availability, the Federal Reserve could
A. reduce the discount rate by ΒΌ of a percentage point. B. push the discount rate below the Federal Funds rate. C. keep the discount rate equal to the Federal Funds rate. D. increase the discount rate.
Each of the following can contribute to the change in the supply of loans resulting from an interest rate change, except:
A. changes in the potential of moral hazard. B. increases in the demand for loans. C. changes in the percentage of loan payment to income. D. changes in borrowers' net worth.
Answer the following question on the basis of the data given for two regions, East and West, of a hypothetical world. The nations have the production possibilities for units of food and clothing given below.
Refer to the data above. Which of the following is true?
A. For the West region, the cost of 5 units of clothing is 10 units of food
B. For the West region, the cost of 15 units of food is 5 units of clothing
C. For the East region, the cost of 8 units of food is 8 units of clothing
D. For the East region, the cost of 4 units of clothing is 6 units of food