Which of the following markets has the most restrictive geographic boundary?
A The market for retail gasoline
B The market for gold
C. The market for beef
D The market for housing
D The market for housing
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Property rights
A) are essentially arbitrary. Therefore, rearranging them will have few effects. B) do not really exist except in a capitalist society. C) are a major part of the "rules of the game", which govern economic activity. D) prevent people from cooperating in the most effective way. E) are different from human rights.
The sale of Treasury securities by the Federal Reserve will, in general
A) not change the quantity of reserves held by banks. B) decrease the quantity of reserves held by banks. C) increase the quantity of reserves held by banks. D) not change the money supply.
A diversified portfolio only makes sense for large institutional investors, not for small investors.
Answer the following statement true (T) or false (F)
Trade restrictions can take any of the following forms except one. Which is the exception?
a. tariffs b. free trade agreements c. quotas d. voluntary trade restrictions e. health and safety restrictions