Martin's research (1971) supports the claim that the Interstate Commerce Commission (ICC) was a federal regulatory agency, The ICC was designed to capture market gains for the consumers of railroad services as well as for the railroad
industrialists. Indicate whether the statement is true or false
True
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Which of the following does the United States import?
a. cotton b. wheat c. oil seeds d. zinc e. barley
Oligopoly
a. is a market structure of many small firms b. is the only seller of a good or service c. is a market structure of a few consumers of a product d. is a market structure of a few interdependent firms e. is a more efficient market structure than perfect competition
You have a bond that you can redeem for $10,000 one year from now. The interest rate is 3 percent (0.03) per year. How much is the bond worth today?
a. $9,090.91 b. $10,000.00 c. $8,264.46 d. $9,708.74 e. $9,000.00
The money-creation formula is oversimplified because it assumes that
A. every recipient of a bank loan will redeposit the proceeds in another bank. B. loan recipients will not take any of the proceeds in cash. C. every bank lends out all excess reserves. D. All of these responses are correct.