The European equivalent of the U.S.'s market federal funds rate is called the:
A. European discount rate.
B. overnight cash rate.
C. target refinancing rate.
D. overnight repurchase rate.
Answer: B
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Crest Toothpaste offers new whitening toothpaste one year, a new gel swirl design the next year, and an improved cleaning formula the year after. Crest Toothpaste does this because it is
A) a monopoly trying to decrease its costs. B) a perfectly competitive firm trying to increase its price. C) a monopolistically competitive firm trying to maintain its economic profit. D) driving its competitors out of business. E) a perfectly competitive firm trying to increase its costs so it can increase its price.
Private profits provided colonial producers with incentive to direct the use of their regional resources in those fashions that produced the highest yield in world markets
Indicate whether the statement is true or false
If firms in a monopolistically competitive industry are operating with positive economic profit, over time we would see
A) firms alter their advertising rates until they made at least normal profits. B) some firms entering the industry, causing the market supply curve to shift to the right, lowering price. C) some firms entering the industry, causing the demand curves of the existing firms to shift to the left. D) some firms entering the industry, causing the demand curves of the existing firms to shift to the right.
A supply schedule is determined by the wishes of
A. sellers. B. buyers. C. sellers and buyers. D. neither sellers or buyers.