An important function of the Federal Reserve is
a. clearing checks
b. printing currency
c. overturning reserve requirements
d. controlling the demand for money
e. making a large profit
A
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During the antebellum period, the majority of the family labor on farms was devoted to investment type of activities—clearing land, constructing fences and buildings, and feeding and breeding livestock
Indicate whether the statement is true or false
Suppose that Stephen Curry, a basketball player for the Golden State Warriors, will become a free agent at the end of this NBA season. Suppose that Curry is considering two possible contracts from different teams. Note that the salaries are paid at the end of EACH year.?Contract #1 (Boston)Contract #2 (Portland)Signing bonus (paid today)$1 million$1 millionFirst-year salary$2 million$4 millionSecond-year salary$4 million$4 millionThird-year salary$5 million$3 millionThe interest rate is 10%. Based on this information, which of the following is true?
A. Curry is indifferent between the two contracts because they are both worth $12 million. B. Curry is indifferent between the two contracts because they are both worth $10.9 million. C. Curry should take the Boston contract because it has a higher present value. D. Curry should take the Portland contract because it has a higher present value.
The larger the MPC, the smaller the MPS.
Answer the following statement true (T) or false (F)
The long-run average total cost curve of a natural monopolist
A. Is U-shaped. B. Is below the long-run marginal cost curve in the relevant range of production. C. Reflects diseconomies of scale. D. Is downward-sloping in the relevant range of production.