The intended use of TARP funds was to
a. support the FDIC.
b. increase consumers' disposable income.
c. fund "shovel-ready" projects.
d. purchase unwanted securities.
d
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A capital ________ can promote financial instability in an emerging-market country because it is what forces a country to ________ its currency
A) inflow; devalue B) inflow; revalue C) outflow; devalue D) outflow; revalue
If we observe that when the price of chocolate decreases by 10%, quantity demanded increases by 25%, then the demand for chocolate is price elastic
a. True b. False Indicate whether the statement is true or false
If firms are competitive and profit maximizing, the price of a good equals the
a. marginal cost of production. b. fixed cost of production. c. total cost of production. d. average total cost of production.
If the benefits of informing oneself are greater than the costs, then ignorance is
A. irrational. B. rational. C. not beneficial. D. not costly.