The United States was officially in a recession in ______.
a. January 2004
b. January 2005
c. December 2006
d. December 2007
d. December 2007
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The economic model of consumer behavior explains how consumers' tastes and preferences are formed
Indicate whether the statement is true or false
According to the product life cycle model, comparative advantage
A) may move from one country to another as a product matures. B) always stays in the country where a product is invented. C) in agricultural or homogeneous manufactured goods is determined by the stage of the life cycle these products are in. D) Both A and C.
Which of the following will increase the total amount of reserves banks are holding?
A. A bank increases the number of loans to firms and households. B. A bank borrows reserves from the Federal Reserve. C. A bank attracts new customers depositing funds into their checkable deposits. D. The Federal Reserve reduces the reserve requirement.
The government has used the Sherman Act to break up monopolies in which of the following industries?
A. Coal B. Fishing C. Trucking D. Tobacco