Efficient allocation of resources makes everyone better off.
Answer the following statement true (T) or false (F)
True
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Which of the following policy actions by the Fed would cause the money supply to increase?
a. An open market sale of government securities. b. An increase in required reserve ratios. c. An increase in the discount rate. d. An open-market purchase of government securities.
The largest portion of any nation's balance of payments current account is the
A) importing and exporting of merchandise goods. B) importing and exporting of services. C) importing and exporting of gold. D) importing and exporting of capital goods.
When MC is falling, ATC and AVC
A. must be rising. B. must be falling. C. may be falling or rising. D. will remain constant.
Define price discrimination. What factors must be present in order for a firm to price discriminate? Why do firms price discriminate?
What will be an ideal response?