In the Baumol-Tobin analysis of transactions demand for money, either an increase in ________ or a decrease in ________ increases money demand
A) income; interest rate
B) interest rates; brokerage fees
C) brokerage fees; income
D) interest rate; income
A
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Cartels tend not to be long-lived because of ?the Prisoner's Dilemma.
Answer the following statement true (T) or false (F)
The theory that private negotiations have the potential to make some people better off without making anyone worse off when negative externalities are present is known as: a. the Negative Externality Theorem. b. the Sexton Theorem
c. the Coase Theorem. d. the Abatement Theorem.
Market failure is the inability of
a. buyers to interact harmoniously with sellers in the market. b. a market to establish an equilibrium price. c. buyers to place a value on the good or service. d. some unregulated markets to allocate resources efficiently.
Individuals economize and respond predictably to Select one:
a. positive incentives but not negative incentives b. negative incentives but not positive incentives c. both positive and negative incentives d. neither positive or negative incentives