Eliminating important details in economic analysis is necessary to understand the complexity of the economy.
Answer the following statement true (T) or false (F)
False
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Open market sale of government securities by the Fed decreases the federal funds rate
Indicate whether the statement is true or false
Hedge funds require large minimum investments ranging from ________ to ________ or more
A) $100,000; $1 million B) $1000; $10,000 C) $100; $1000 D) $$10,000; $25,000
The cost, c, of a college education that serves only as a signal of a high-quality worker is $20,000. The wage of a known high-quality worker, wh, is $75,000. The wage for a known low-quality worker, w1, is $50,000
For what value of the share of the work force that is of high quality, t, is a pooling equilibrium possible?
Which of the following does NOT help explain why oligopolies exist?
A) economies of scale B) mergers C) product homogeneity D) barriers to entry