Which of the following is motivated by an equity concern?
A) The United States protects intellectual property rights, allowing inventors to prevent others from using their inventions without payment.
B) Some U.S. colleges have cut back on merit scholarships since these programs siphon money from need-based programs, thus harming lower-income students with greater financial need.
C) Following the removal of subsidies in urban water use, household demand for water decreased quite significantly in Bogor, Indonesia.
D) In November 2003, the Federal Communications Commission implemented the "local number portability" rule which gives cell phone customers the option of keeping their number when they switch carriers within the same geographic region.
B
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A leftward shift of the European demand curve for foreign exchange will
a. decrease the price of foreign exchange in Europe b. increase the price of foreign exchange in Europe c. decrease the value of the euro d. make foreign goods more expensive in terms of euros e. make European goods less expensive in terms of foreign exchange
Any bank that uses deposits to make loans: a. operates on a 100 percent reserve system
b. operates on a fractional reserve system. c. does not operate on a reserve system. d. does not keep reserves in its vaults. e. charges an interest rate determined by the reserve ratio.
The rule for profit maximization is the same for a monopolist as for a perfectly competitive firm
Indicate whether the statement is true or false
Salary Cap
What will be an ideal response?