When marginal cost is decreasing, total cost is rising
a. True
b. False
A
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Suppose you lend $1,000 at an interest rate of 10 percent over the next year
If the expected real interest rate at the beginning of the loan contract is 4 percent, then what rate of inflation over the upcoming year would be most beneficial to you as the lender? An inflation rate A) equal to 4 percent. B) equal to 0 percent. C) equal to 6 percent. D) greater than 6 percent.
What is a network externality?
A) It refers to a product that requires connection to a network for it to be useful. B) It refers to a situation in which a product's usefulness increases with the number of people using it. C) It refers to having a network of suppliers and buyers for a good or service. D) It refers to lobbying to form a public enterprise.
For state nonmember banks, the "primary" federal regulator is the
A) Federal Reserve. B) FDIC. C) House Banking Committee. D) Comptroller of the Currency.
One of the reasons for the growth performance of free market economies is firms' use of innovation to compete with one another
a. True b. False Indicate whether the statement is true or false