Helping a struggling domestic company through import restrictions frequently causes other countries to retaliate.
a. true
b. false
a. true
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Refer to the table below. What is the profit-maximizing number of quality units for Stuffed Pies to produce?
Stuffed Pies is a frozen calzone manufacturer. The table above summarizes Stuffed Pies' marginal revenue and marginal cost of quality at various quality amounts.
A) 9
B) 11
C) 7
D) 13
Production through the firm is often more efficient than market exchange when
a. production requires many transactions among many resource owners b. production requires few transactions between two resource owners c. the cost of transacting business through market relations is less than the cost of undertaking the same activity within the firm d. inputs are easily identified, measured, priced, and hired e. the costs of determining inputs and negotiating contracts are low
The earliest antitrust act was the ____ Act.
A. Clayton B. Federal Trade Commission C. Sherman
Which of the following might lead banks to hold more reserves?
A. An increase in the demand for loanable funds B. A decrease in the legal reserve requirement C. Fear that customers will want to withdraw most of their deposits D. Fear that businesses may decide to borrow less to fund investments