One of the obstacles to efficiency is monopoly
Indicate whether the statement is true or false
TRUE
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All else equal, the ________ the coupon rate on a bond, the ________ the bond's duration
A) higher; longer B) higher; shorter C) lower; shorter D) greater; longer
When a customer deposits $100 into a checking account, the effect is to
a. increase the bank's liabilities. b. decrease the bank's liabilities. c. increase the bank's assets. d. decrease the bank's assets. e. increase both the bank's liabilities and its assets.
Virtual currency unit 2 (VCU2) is different from VCU1 because:
a. VCU1 cannot be spent in the real world; VCUs can be spent in the real world. b. In terms of convertibility, there is no difference; both VCU2 and VCU3 can be purchased with and sold for legal tender. c. VCU2 can directly affect real world demand, whereas VCU1 cannot affect real-world demand. d. In terms of their potential to change a nation's monetary base, there is no difference because neither VCU1 nor VCU2 affect a nation's monetary base.
It was more than a century ago that an engineer named Frederick Taylor walked into factories and starting timing workers with a stop watch. He dissected their movements, and organized them more efficiently
He turned factory production into a science. Suppose work was completed in the factory based on what the floor manager decided and workers were paid a base daily wage plus a bonus when they produced more than expected. How does this firm organize production? A) through the command system B) through the incentive system C) through the market system D) through a mixed command and incentive system