The Case in Point on trade in water suggests that _____ trade in water appears to be a growth industry.
A) one-way
B) interindustry
C) two-way
D) multilateral
Ans: C) two-way
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If the relative price of S in terms of T is 2 and S has a nominal price of $1, then the nominal price of T is
A) $2. B) 50 cents. C) 1/2 S. D) Need more information to answer.
The Fed conducts reverse repurchase agreements with:
A. banks only. B. the federal government only. C. banks and financial institutions other than banks. D. only financial institutions that are not banks, such as the federal government.
Suppose an industry is composed of 10 firms. Each firm's share of total sales in the industry is 10 percent. If two of the firms merge, then the four-firm concentration ratio in the industry is
A. 50 percent. B. 45 percent. C. 40 percent. D. unable to determine.
Why would most economists default usually first to monetary policy for stabilization before using fiscal policy?
What will be an ideal response?