The ability of a central bank to set monetary policy instruments is
A) political independence.
B) goal independence.
C) policy independence.
D) instrument independence.
D
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Marginal cost can be defined as the change in
A. cost resulting from one less unit of production. B. benefit resulting from one more unit of production. C. benefit resulting from one less unit of production. D. cost resulting from one more unit of production.
Ben is a chicken farmer and is in a market that has no product differentiation. We know that for Ben's firm, its demand curve is not the market demand curve
a. although both are downward sloping b. and its price is greater than its marginal revenue c. and it is a price taker d. and is not downward sloping e. and it is a price maker
While most industrial categories have experienced a decline in the percentage of workers unionized, which one of the following categories has seen a significant increase in unionization?
a. retail trades b. the hotel and restaurant industry c. the government sector d. automobile manufacturing
The decision to smoke cigarettes is not subject to present bias because the health risks of smoking cigarettes are widely known.
Answer the following statement true (T) or false (F)