The Federal Reserve helped J. P. Morgan purchase Bear Stearns by agreeing to purchase some unwanted Bear Stearns’ assets.
Answer the following statement true (T) or false (F)
True
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If a consumer always buys goods rationally, then
A) the total utilities of the different goods consumed will be equal. B) the average utilities of the different goods consumed will be equal. C) the marginal utility per dollar spent on all goods will be equal. D) the marginal utility of the different goods consumed will be equal.
The convergence theory suggests:
A. that poorer countries will grow faster than rich ones. B. all countries eventually will experience the same rate of growth. C. countries may have the same rate of growth but differing levels of income. D. All of these are true.
Duration is a variable that measures:
A. the time when a certain event occurs. B. the time before a certain event occurs. C. the time after a certain event occurs. D. the appropriate number of lags for a regression model.
Implicit cost is the opportunity cost of the inputs that do not require monetary payment.
Answer the following statement true (T) or false (F)