If the demand for hand-sewn leather shoes increases, it is likely the demand for leather will:
A. also increase.
B. decrease slightly.
C. stay the same.
D. drop significantly and producers will use another material.
A. also increase.
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The international financial organization created at the Bretton Woods conference in 1944 that helps developing countries obtain low-interest loans is called the:
A) World Bank. B) International Monetary Fund. C) U.S. Treasury. D) U.S. Agency for International Development.
Assume that you assign the following subjective probabilities for your final grade in your econometrics course (the standard GPA scale of 4 = A to 0 = F applies): Grade Probability A 0.20 B 0.50 C 0.20 D 0.08 F 0.02 The expected value is:
A) 3.0 B) 3.5 C) 2.78 D) 3.25
Under the original Clayton Act, which of the following was not illegal?
a. Charging different prices for the same product. b. Exclusive dealer agreements. c. The purchase of the stock of a rival firm that lessens competition. d. The purchase of the assets of a rival firm that lessens competition.
An increase in the demand for bonds will increase both the price of bonds and the quantity of bonds held
a. True b. False