Within a country, a tariff mainly causes a redistribution of well-being between the domestic producers and the government.
Answer the following statement true (T) or false (F)
False
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Which of the following has NOT resulted from more active liability management on the part of banks?
A) increased bank holdings of cash items B) aggressive targeting of goals for asset growth by banks C) increased use of negotiable CDs to raise funds D) an increased proportion of bank assets held in loans
When there are two coefficients, the resulting confidence sets are
A) rectangles. B) ellipses. C) squares. D) trapezoids.
A statement describing how the world is
a. is a normative statement. b. is a positive statement. c. would only be made by an economist speaking as a policy adviser. d. would only be made by an economist employed by the government.
The graph above shows the average and marginal cost curves for the Banner Textile Company. The company produces corduroy fabric, which it sells in a perfectly competitive market. The current market equilibrium price for corduroy is $50 a yard. Assuming the firm maximizes profit,
a. it will earn zero economic profit in the short run. b. it will shut down immediately. c. it will produce 12 yards of fabric per day. d. it will produce 7 yards of fabric per day. e. it will produce 10 yards of fabric per day.