If all inputs are raised by equal percentages and output increases by a larger percentage, there are decreasing returns to scale
Indicate whether the statement is true or false
F
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Tight monetary policy ________ interest rates which ________ the demand for a currency and ________ the fundamental value of the exchange rate.
A. increases; increases; decreases B. decreases; decreases; decreases C. increases; increases; increases D. increases; decreases; increases
The Open Market Committee is composed of
a. the 7 members of the Board of Governors. b. the 7 members of the Board of Governors and the president of the Federal Reserve Bank in New York. c. 12 voting members, and of these, 5 are presidents of regional Federal Reserve banks and the other 7 are the members of the Board of Governors. d. the presidents of each of the 12 Federal Reserve banks.
With consumption goods measured on the vertical and capital goods measured on the horizontal axis of a production possibilities curve, for Ethiopia to increase its future economic growth, it must choose a point that is
a. inside the curve b. further away from the origin on the horizontal axis c. further away from the origin on the vertical axis d. outside the curve e. closer to the origin on the horizontal axis
Antitrust laws allow the U.S. government to do all of the following except _____.
(A) Stop firms from selling new products. (B) Watch and regulate industry. (C) Break up existing monopolies. (D) Stop firms from forming monopolies.