Indifference curves located closer to the origin
a. are less preferred to those located farther away from the origin
b. are more preferred to those located farther away from the origin
c. cannot be tangent to a budget line
d. eventually become straight lines that coincide with the budget line
e. represent preferences that are not rational
A
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When the Fed purchases government securities, it
A. increases banks' reserves and makes possible an increase in the money supply.
B. decreases banks' reserves and makes possible a decrease in the money supply.
C. automatically raises the discount rate.
D. uses discounting operations to influence margin requirements.
e. has no effect on either the money supply or the discount rate.
The merger of two daily New York City newspapers would be an example of a
A) conglomerate merger. B) diagonal merger. C) horizontal merger. D) vertical merger.
Proponents of a command economy argue that it promotes:
A. efficiency. B. equity. C. consumer sovereignty. D. economic growth.
Table 14.1Table 14.1 represents 3 markets for used computers. Which of the markets in Table 14.1 are in equilibrium?
A. 1 only B. 2 only C. 3 only D. 2 and 3