The Federal Reserve is a privately operated commercial bank
a. True
b. False
Indicate whether the statement is true or false
False
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Aggregate producer surplus in an industry is measured along the market supply curve is and only if firm production technologies exhibit the quasilinearity property.
Answer the following statement true (T) or false (F)
Tax loopholes reduce the excess tax burden on individuals.
Answer the following statement true (T) or false (F)
If speculators with Swiss francs believed the yen was going to depreciate against the dollar, they would most likely: =
A. Purchase euros. B. Purchase dollars. C. Not participate in foreign exchange markets because of the volatility. D. Purchase yen.
According to behavioral economists, the human brain:
A. makes most decisions based on careful calculation of benefits and costs. B. uses evolutionary-developed heuristics to make many decisions. C. only develops heuristics for decision making after the same decision has been made multiple times using a rational framework of comparing benefits and costs. D. employs heuristics in decision making that are slow but generally error-free.