Which of the following is not a tool of the Fed?
A) the discount rate
B) reserve requirements
C) open market operations
D) the proportion of money held as currency
D
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If the value of price elasticity of demand for a good is equal to "?", it implies that the good has a ________ demand
A) perfectly elastic B) perfectly inelastic C) unit elastic D) relatively inelastic
Since the 1960s, the percentage of U.S. output exported to foreigners
A) remained about the same. B) more than doubled. C) increased by more than ten times. D) declined by about half.
The principle marginal revenue equal-marginal-cost rule for maximizing profit
A) does not apply to firms in the monopoly or oligopolistic industries. B) applies only for firm in perfect competition but not in monopolistic competition. C) applies to new firms but not to existing firms in an industry. D) applies to all the firms in all industries.
In return for their financial backing, venture capitalists
A. Share in the profits that may result. B. Are exempt from risk. C. Are repaid a fixed amount of interest. D. Are guaranteed a return on their investment.