The Glass-Steagall Act of 1933 separated commercial banks from most of their securities business
Indicate whether the statement is true or false
True
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The economic way of thinking claims there are substitutes for
A) any good. B) most goods except non-renewable resources. C) most goods except clean air and clean water. D) most goods except wetlands and tropical rain forests.
Robert must always have cream in his coffee. For Robert, the cross price elasticity of demand for coffee and cream is
A) equal to 0. B) negative. C) positive. D) impossible to determine without more information.
Based on the transactions in the above table, what is the change in the U.S. current account balance?
A) $30,000 B) $31,000 C) -$32,500 D) -$32,700
Three possibilities are equally likely and have payoffs of $3, $6, and $9 . The expected value is:
a. $4 b. $5 c. $6 d. $7