The purpose of the disclosure requirements of the Securities and Exchange Commission is to
A) increase the information available to investors.
B) prevent bank panics.
C) improve monetary control.
D) protect investors against financial losses.
A
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The monopolist, unlike the perfectly competitive firm, continues to earn an economic profit in the long run because
a. it can charge a higher price than its competitors and not lose market share b. it can innovate, using its profit as research investment c. it can out-compete its competitors d. it has considerable market share e. of impossible-to-overcome barriers to entry
Innovation is the act of putting an invention to practical use
a. True b. False Indicate whether the statement is true or false
To target a rate that is higher than the current interest rate, the Fed can:
A. sell government securities to reduce reserves. B. sell government securities to increase reserves. C. purchase government securities to increase reserves. D. purchase government securities to reduce reserves.
The average total cost (ATC) curve will be downward sloping so long as
A. Average variable cost is less than average total cost. B. Marginal cost is less than average total cost. C. Average fixed cost is less than average total cost. D. Marginal cost is greater than average total cost.