Free trade ________ living standards by ________ economic efficiency
A) raises; increasing
B) lowers; decreasing
C) raises; equalizing
D) lowers; eliminating
Answer: A
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If Treasury deposits at the Fed are predicted to increase, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves
A) defensive; inject B) defensive; drain C) dynamic; inject D) dynamic; drain
A hidden cost fallacy can be avoided
a. by ignoring the opportunity costs to using a capital b. by ignoring the cost of capital c. by taking all capital costs into account including the cost of equity d. none of the above
In contrast to other antipoverty programs, a negative income tax
a. provides incentives to work b. provides more assistance to children c. assists the unemployed d. provides direct in-kind transfers to the most needed e. recognizes the existence of a culture of poverty
The cost plus pricing formula tends to ignore
A. quotas. B. customer quantity sensitivity. C. incremental costs. D. fixed costs.