Government regulation is
a. subject to the same problems of lack of information and lack of incentives for economic efficiency as centrally planned economies.
b. the only reliable way to improve environmental quality.
c. not subject to political concerns when it comes to environmental quality.
d. the most economically efficient way to reduce greenhouse gases.
A
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Eurobanks are
A) all European Banks. B) all non American banks. C) banks that accept deposits denominated in Eurocurrencies excluding Eurodollars. D) banks that accept deposits denominated in Eurocurrencies including Eurodollars. E) banks that do not take U.S. dollars.
Bob's winery sells bottles of their expensive, high-quality wine and a cheaper low-quality wine. Visitors have to drive 45 minutes to get to Bob's winery
Bob also sells his wine at a shop in the city where consumers don't have to drive a long distance and charges the same prices. Assuming the preferences of the clients that come to the winery and the city store are the same, explain why Bob tends to sell the expensive wine in a greater proportion in the winery than the urban store.
A technique that can be employed to make a portfolio less risky than any of its individual securities is
A. plowback. B. diversification. C. programmed trading. D. speculation.
If everyone knew in advance the exact rate of inflation:
A. the economy will have reached its long run equilibrium. B. borrowers would be discouraged when inflation will be low and lenders when inflation will be high. C. the risk of the breakdown of financial intermediation would increase. D. the exact rate of inflation wouldn't matter so much because people could prepare.