The national defense argument has been used in the past to justify trade restrictions by firms in the peanut industry and the pottery industry
Indicate whether the statement is true or false
True
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Any movement along an existing production possibilities curve will
a. increase the production of one good while decreasing the production of the other. b. increase the production of both goods c. increase efficiency. d. increase employment.
In the long run, a firm in perfect completion will earn which of the following?
a. Economic loss b. Economic profit c. Zero economic profit d. Either economic loss or profit
If the efficient-market hypothesis is true, then the idea of:
A. herd instinct doesn't always hold. B. tulip mania doesn't always hold. C. tulip mania holds. D. herd instinct holds.
Although the Federal Reserve had traditionally made discount loans only to commercial banks, in response to the financial crisis in 2008 the Fed made ________ eligible for discount loans as well
A) the Treasury Department B) mortgage brokers C) savings banks D) primary dealers