If the Fed buys Treasury bills, then
A. the price of Treasury bills will rise.
B. the market rate of interest on Treasury bills will fall.
C. the price of Treasury bills will rise AND the market rate of interest on Treasury bills will fall.
D. neither the price nor the market rate of interest on treasury bills will be affected.
C. the price of Treasury bills will rise AND the market rate of interest on Treasury bills will fall.
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Which of the following is likely to be a characteristic of a developing economy?
A. The export of only manufactured goods The efficient use of labor B. A high rate of economic growth C. A low rate of growth of population D. A high rate of illiteracy
Suppose 100 citizens each derive marginal benefit from submarines according to the function MB = 10 - Q. If subs cost $100 each to produce, what is the efficient quantity of submarines?
What will be an ideal response?
If the demand for fast-food rises as a result of lower income, we would say fast-food is an inferior good
a. True b. False Indicate whether the statement is true or false
The school of economic thought that recently has questioned a core belief among economists that people's actions are guided by rational, unemotional self-interest is the ______________ school.
Fill in the blank(s) with the appropriate word(s).