When firms cooperate with one another, it is generally good for the cooperating firms.
Indicate whether the statement is true or false
Answer: True
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What is the present value of a payment of $100 to be made one year from today if the interest rate is 6 percent?
a. $105.26 b. $105.00 c. $97.24 d. $94.34
If the Fed buys $10 million of government securities when the desired reserve ratio is 20 percent and the currency drain ratio is 5 percent, the quantity of money
A) increases by $42 million. B) increases by $50 million. C) decreases by $42 million. D) decreases by $50 million. E) increases by $7.5 million.
Maximizing social benefit is maximizing consumer surplus
Indicate whether the statement is true or false
Which of the following statements regarding the unemployment rates in the U.S. between 1971 and 2002 is true?
a. The unemployment among the whites were much lower compared to the non-whites. b. The unemployment rate for all workers reached a low of 2.9 percent in 1982. c. The unemployment rate of both male and female workers have consistently increased from 1971 to 1998. d. The whites had much higher unemployment rates than the nonwhites. e. Teenagers reported the lowest unemployment rates in the country.