Which of the following is NOT an advantage associated with Eurocurrencies?
A) more convenience for users
B) better yield for lenders
C) tighter U.S. regulation
D) cheaper lending rates
C) tighter U.S. regulation
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Rent-seeking activities are socially wasteful because they use scarce resources but do not add to society's output
a. True b. False
The law of diminishing marginal utility states that total utility increases by smaller and smaller increments as more of a good is consumed
a. True b. False Indicate whether the statement is true or false
The monetary base is the sum of:
A. currency in the hands of the public M1. B. currency in the hands of the public and M2. C. reserves and currency in the hands of the public. D. reserves and M2.
Right to work laws
A. are part of the legislation that was the foundation for the growth of unions in the U.S. B. are included in the Wagner Act. C. permit workers to be paid less than comparable worth would allow. D. are in state laws that limit union power.