A firm that practices resale price maintenance
a. has incentive to reduce competition between its retailers. Resale price maintenance can lead to more service.
b. has incentive to reduce competition between its retailers. Resale price maintenance cannot lead to more service.
c. has no incentive to reduce competition between its retailers. Resale price maintenance can lead to more service.
d. has no incentive to reduce competition between its retailers. Resale price maintenance cannot lead to more service.
c
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The 95% confidence interval for the dynamic multipliers should be computed by using the estimated coefficient ±
A) 1.96 times the RMSFE. B) 1.96 times the HAC standard errors. C) 1.96, since the HAC errors are standardized. D) 1.64 times the HAC standard errors since the alternative hypothesis is one-sided.
International trade equalizes the opportunity cost of producing any good around the world
a. True b. False
When the U.S. economy is at its full-employment level, the unemployment rate is not equal to zero because:
a. cyclical unemployment is always present in a modern economy. b. of the statistical discrepancy. c. voluntary unemployment is always positive. d. frictional and structural unemployment are always present in a modern economy. e. there are always people who are too lazy to work.
A margin requirement is
a. the minimum amount of reserves the Fed requires a bank to hold b. the interest rate that the Fed requires from banks who borrow from it c. the marginal interest rate on loans made by banks to other banks d. the maximum percentage of the price of a stock that can be borrowed from a bank, with the stock offered as collateral e. an appeal by the Fed to banks, asking for voluntary compliance with the Fed's policies