Today's railroads are:
(a) Privately owned and regulated by competitive forces.
(b) Private owned but managed by federal regulatory bodies.
(c) Federally owned and managed by government regulatory bodies.
(d) Federally owned but competitive.
(b)
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Explain risk and liquidity of assets
What will be an ideal response?
International reserves are
A) assets denominated in a foreign currency and used in international transactions. B) reserves the Fed requires banks to hold against Eurodollar deposits. C) reserves the International Monetary Fund requires banks to hold if they wish to participate in the market for foreign exchange. D) central bank holdings of gold.
A college education can be a signal because
A) a college education is expensive. B) those who graduate college have successful parents, and are therefore also likely to be successful. C) highly capable people are more likely to finish college than those with low capabilities. D) college teaches useful skills and gives valuable training.
If a nonbinding price ceiling is imposed on a market, then the a. quantity sold in the market will decrease
b. quantity sold in the market will stay the same. c. price in the market will increase. d. price in the market will decrease.