Which of the following development strategies emphasize freer trade?
a. Import substitution
b. Export promotion
c. Higher export tariffs
d. Higher import tariffs
b
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When the Fed buys a U.S. bond in the open market
A) its action contracts total reserves and the money supply. B) total reserves increase by the amount of the purchase but the money supply stays the same. C) its action expands total reserves and the money supply. D) its action has no effect on the total reserves or the money supply because the check it writes increases reserves at one bank but they fall at another.
In the Poisson regression model, the probability distribution is given by P(y = h|x) = exp[-exp(xâ)][exp(xâ)]h/h!, h = 0, 1, …..
Answer the following statement true (T) or false (F)
Answer the following questions true (T) or false (F)
1. If a monopolist's price is $50 and average total cost is $43, then the average profit is $7. 2. If a monopolist's marginal revenue is $15 per unit and its marginal cost is $25, then to maximize profit the firm should decrease output. 3. In the short run, even if a monopoly's total revenue does not cover its variable costs, it should continue to produce because ultimately in the long run, the monopoly will start earning profits.
The 2004-2013 rapid growth in global foreign exchange trading can be explained by
A. large increases in trading by hedge funds, pension funds, and other financial institutions. B. volatility in U.S. long-term government bond yields. C. an increase in the number of nations adopting the floating exchange rate system. D. increases in the volume of global trade in the recent years.