If a tariff is placed on watches, the price of both domestic and imported watches will rise by the amount of the tariff
a. True
b. False
Indicate whether the statement is true or false
True
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Domestic law and order, the infrastructure, and the climate of international trade are all aspects of a country's:
a. natural resources endowment. b. human resources investment. c. capital investment. d. political environment.
Positive marginal utility implies increasing total utility
Indicate whether the statement is true or false
Which of the following statements is true?
A. The ECB's success in controlling reserves by paying interest on them has led the Fed to do the same. B. The Fed's redesign of its procedures for lending to banks was the model for the ECB's marginal lending facility. C. The ECB's marginal lending facility was the model for the Fed's redesign of its procedures for lending to banks. D. The ECB's weekly auctions include only a few of the largest banks in Europe.
Kurt decided to increase the number of stocks in his portfolio. In doing so, Kurt reduced
a. both the firm-specific risk and the market risk of his portfolio. b. the firm-specific risk, but not the market risk of his portfolio. c. the market risk, but not the firm-specific risk of his portfolio. d. neither the market risk nor the firm-specific risk of his portfolio.