What is TRUE about every point along a utilities possibilities frontier?
A) Markets are perfectly competitive.
B) It is possible to move to from one point on the frontier to another point and make everyone better off.
C) All allocations are efficient.
D) It includes some unattainable points.
C
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The growth of the Eurodollar market is due to the ________ spreads offered by ________
A) narrower, Eurobanks B) narrower, governments C) narrower, domestic banks D) Both A and B
In the short run, a sales tax is:
a. wholly absorbed by the producer. b. shared between the consumer and the producer. c. deferred until the market is able to re-establish an equilibrium price. d. wholly absorbed by the consumer.
The existence of positive externalities indicates that the market is producing too many goods
Indicate whether the statement is true or false
The _____ hypothesis is based on the assumption that the best indicator of the future is what has happened in the past.
A. adaptive expectations B. rational expectations C. Monetary D. supply-side