Brokerage houses may differ in the
a. fees they charge.
b. services they provide.
c. stock exchanges on which they hold seats.
d. All of the above are correct.
d
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A purchase of government bonds from the public by the Federal Reserve Banks
A) adds to the money stock. B) has the effect of pulling wealth and therefore money out of the private sector. C) increases the money stock directly and simultaneously increases commercial bank reserves. D) puts additional reserves into the commercial banking system. E) reduces the wealth of the public.
Given freedom of movement for both goods and resources, if Florida producers specialize in oranges and Georgia producers specialize in peaches, then it would be reasonable to conclude that
a. Georgia has a comparative advantage in producing peaches. b. total output will be expanded when Georgia allocates more resources to producing oranges and Florida allocates more resources to producing peaches. c. Florida has a comparative advantage in producing peaches. d. the opportunity cost of growing oranges is higher in Florida than in Georgia.
What is the value of the intra-industry trade index for an industry in which exports are $200 million and imports are $20 million?
a. 2.00 b. (200 + 20)/20 = 11.00 c. 20/[1/2 × (200 + 20)] = 0.18 d. (200 - 20)/200 = 0.90
In Figure 6.1, which area represents an expansion? 
A. A B. C C. D D. E