An most important service provided by underwriters is
A) lowering of information costs.
B) dealing with problems of moral hazard.
C) insuring firms against loss from fire.
D) insuring firms against loss from employee theft.
A
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Currency traders expect the value of the dollar to rise. What effect will this have on the demand for dollars and the supply of dollars in the foreign exchange market?
A) Demand for dollars will decrease, and supply of dollars will increase. B) Demand for dollars will decrease, and supply of dollars will decrease. C) Demand for dollars will increase, and supply of dollars will increase. D) Demand for dollars will increase, and supply of dollars will decrease.
The idea that all aspects of economic behavior, such as labor supply, saving, and investment, respond to economic incentives, especially tax rates, is known as
A) New Keynesian economics. B) new classical economics. C) tax-structured classical economics. D) supply-side economics.
How do economists define the opportunity cost of producing something?
a. all the options given up when a choice is made b. the value of the best alternative that was not pursued c. the average debt incurred to establish a business d. the financial risk involved in pursuing an opportunity
The Trans-Pacific Partnership (TPP) is a preferential agreement
Indicate whether the statement is true or false