Under the theory of perfect competition, firms and buyers know the availability and prices associated with all products in the market
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose a Treasury bond will mature in 4 years. If the bond pays a coupon of $425 per year and will make a final par value payment of $10,000 at maturity, what is its price if the relevant market interest rate is 4%?
What will be an ideal response?
Advocates of activist policymaking point to the swift response of the Fed after September 11, 2001, as an example of effective policymaking.
Answer the following statement true (T) or false (F)
Investment spending, capital formation, and rapid technological progress are directly related.
Answer the following statement true (T) or false (F)
The infant-industry argument for tariff protection is that tariffs should be imposed to protect from competition
A. industries that can compete with foreign competitors at this point in time and are deemed essential by the government. B. industries that cannot compete with foreign competitors at this point in time, but will be able to once they gain some size and experience. C. industries needed for national defense. D. industries that are essential if a country is to become an industrial nation.