Market economies with legal systems that provide for the reliable protection of property rights and enforcement of contracts tend to promote economic growth.
a. true
b. false
Ans: a. true
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The expected future exchange rate has ________ on the supply of dollars and has ________ on the demand for dollars
A) no effect; no effect B) an effect; no effect C) an effect; an effect D) no effect; an effect E) an effect sometimes; an effect sometimes
Direct costs of a public sector investment project are generally easier to measure than the direct benefits
a. true b. false
Assume the M2 multiplier is 3, and the reserve ratio is 10%. If the central bank sells $100 million in government securities to banks, banking system reserves will:
a. Fall by $10 million. b. Rise by $10 million. c. Not change. d. Rise by $300 million. e. Fall by $100 million.
Explain the marginal revenue and marginal cost approach to profit maximization and use it to describe profit, loss, and shut down situations for the purely competitive firm
What will be an ideal response?