For the Coase Theorem to work, three conditions must be satisfied: the basic rights must be clearly understood, there must be no impediments to bargaining, and only a few parties are involved.
Answer the following statement true (T) or false (F)
True
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The effectiveness of the federal funds rate as an operating target is limited because
A) the Treasury often uses federal funds market. B) reserve requirements often change. C) the demand for reserves is difficult to predict. D) the deposit expansion multiplier is difficult to predict.
Hiring a white worker may be statistically safer for the employer than hiring a minority
Indicate whether the statement is true or false
"Crowding in" refers to federal government deficits:
a. used for public infrastructure that will offset any decline in business investment. b. which reduce private business and consumption spending. c. which reduce future rates of economic growth. d. all of these.
Which of the following describes a situation in which a good or service is produced at the lowest possible? cost?
A) marginal efficiency B) productive efficiency C) allocative efficiency D) profit maximization