Which of the following is the primary disadvantage of producing inputs within a firm?
A. Mitigation of hold-up problems
B. Loss of specialization
C. Reductions in opportunism
D. Increases in transaction costs
Answer: B
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When the price level increases people:
A. feel less wealthy. B. feel more wealthy. C. have the same real value of assets, regardless of the change in the price level. D. experience a bubble forming in the economy overall.
Which of the following is an example of the Fed's use of unconventional monetary policy?
a. buying assets other than Treasury bills b. participating in rescue operations for troubled financial institutions c. lending massive amounts to banks and other financial institutions d. all of the above
Rank the following assets from most liquid to least liquid.a) Common stockb) Housesc) Currencyd) Arte) Savings accountsf) Checking account deposits.
What will be an ideal response?
When a currency is described as undervalued, this typically implies:
A. the exchange rate is lower than one year previous. B. it is undervalued relative to what the describer believes purchasing power parity to be. C. the exchange rate is greater than one. D. it is undervalued relative to the exchange rate set by the nation's central bank.