_______losing bidders lead to _____winning bids
a. Stronger; raise
b. Weaker; reduce
c. Stronger; raise
d. None of the above
c
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Legal reserve requirements specify that banks must hold a certain percentage of their deposit liabilities
a. in currency only. b. as deposits at regional Federal Reserve Banks only. c. either in currency or as deposits at regional Federal Reserve Banks. d. None of the above
Which of the following is an example of signaling?
a. Graduates of highly-respected universities highlight that fact on their resumes. b. Magazine advertisements include the phrase "as seen on TV." c. Advertisements for universities include the phrase "fully accredited." d. All of the above are correct.
A competitive employer is using labor in such an amount that labor's MRP is $10 and its wage rate is $8. This firm
A. should hire more labor because this will increase profits. B. is currently hiring the profit-maximizing amount of labor. C. should hire more labor, although this may either increase or decrease profits. D. is selling its product in an imperfectly competitive market.
The current account is
A. an accounting statement that includes all spending flows across a nation's border, including the purchase of assets. B. an accounting statement that includes all spending flows across a nation's border for the purchase of goods and services. C. equal to value of a country's exports. D. equal to value of a country's imports.