Drexel Burnham Lambert pioneered the widespread issuance of
A) junk bonds.
B) commercial paper.
C) callable bonds.
D) convertible bonds.
A
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When the Fed acts as a "lender of last resort," like it did in the financial crisis of 2007-2008, it is performing its role of
A. providing for check clearing and collection. B. being the bankers' bank. C. controlling the money supply. D. setting the reserve requirements.
Cobb-Douglas production functions can never possess varying returns to scale
Indicate whether the statement is true or false
To reach an economically efficient output level, the size of an excise tax imposed on a firm generating a negative externality should be:
a. the firm's marginal cost. b. the social marginal cost. c. the difference between the social marginal cost and the firm's marginal cost. d. the sum of the social marginal cost and the firm's marginal cost.
The BEST example of making a choice at the margin is:
A) buying a new car. B) quitting your job. C) a coffee drinker drinking another cup of coffee. D) attending college.