Which one of the following is not one of the monetary control instruments available to a Central Bank?
(a) Moral suasion (or advice);
(b) Reserve requirements;
(c) Discount rate;
(d) Tax rates.
Ans: (d) Tax rates.
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Which statement is TRUE about Mr. McConaughey's marginal utility from spending time with family and friends and breaking a sweat?
A) The marginal utility Mr. McConaughey gets from the first hour of spending time with his family is less than the marginal utility from the first hour of breaking a sweat. B) The marginal utility Mr. McConaughey gets from the third hour of spending time with his family is less than the marginal utility from the fourth hour of breaking a sweat. C) The marginal utility Mr. McConaughey gets from the fourth hour of spending time with his family is greater than the marginal utility from the fourth hour of breaking a sweat. D) The marginal utility Mr. McConaughey gets from the second hour of spending time with his family is greater than the marginal utility from the first hour of breaking a sweat.
If a country increased the production of its capital goods, then
A) the more consumption of goods we can have today. B) the less consumption we can have today, but we will have more in the future. C) the more unemployed resources there will be in the future. D) the more unemployed resources there are today.
Economic growth is represented by an inward shift of the production possibility curve
a. True b. False Indicate whether the statement is true or false
Monopolistic competition is similar to monopolies in that
A. both have downward sloping demand curves. B. both have identical demand and marginal revenue curves. C. both make zero economic profits in the long run. D. both have unique products with no close substitutes.