A theory is an untested assertion of alleged fact.
Answer the following statement true (T) or false (F)
False
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The fact that assets of the political opponents of the U.S. were frozen in U.S. banks
A) was challenged as unconstitutional. B) lead to an increased amount of funds being placed in Eurobanks. C) lead to a violation of the Law of One Price. D) lead to the Cold War. E) lead to a violation of Regulation Q.
Under the Social Security program currently in existence
A) benefits are based on need. B) benefits are determined by whether or not one contributed to the system. C) benefits are provided to everyone who contributed to the system EXCEPT those under private retirement programs that provide an annual income in excess of $13,500. D) benefits are guaranteed to be no lower for future retirees than for current retirees.
If you sell an inferior good, offering to sell gift certificates to those looking for a gift may result in:
A. a smaller quantity sold than before the customer is given a gift certificate. B. a smaller quantity sold than if the customer resorts to giving a cash gift. C. a greater quantity sold than before the customer is given a gift certificate. D. a greater quantity sold than if the customer resorts to giving a cash gift.
All output combinations that lie outside a production possibilities curve are attainable with available resources and technology.
Answer the following statement true (T) or false (F)