Which of the following is not in the index of leading economic indicators?
A) Average workweek
B) Initial unemployment claims
C) Building permits
D) Producer price index
D
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A bank manager advises all of his loan officers that the average cost of funds for the bank over the past year has been 6%. The bank has borrowed $1 million at 5%, another $1 million at 6% and another $1 million at 7%
Future borrowing costs are expected to continue at 7%. The manager however, instructs his loan officers that they are authorized to make loans at interest rates that are equal to or greater than the bank's average cost of borrowing. How would you evaluate the bank manager's decision?
Collusion is more successful in a game that will continue forever or in a game with an uncertain ending time, than in a game with a known ending time
Indicate whether the statement is true or false
When one country can produce a given amount of a good using fewer inputs than any other country,
A. Specialization will definitely increase worldwide production possibilities. B. It has an absolute advantage in producing the good. C. It always has a comparative advantage in producing the good. D. Specialization will definitely increase worldwide consumption possibilities.
The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.
Indicate whether the statement is true or false.