Each firm knows where its MR = MC output level is located
Indicate whether the statement is true or false
F
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A university should not disband its football team if it has already paid for the stadium
a. True b. False
Banks historically have used the discount window:
A. sparingly, because it is often seen as a sign of financial trouble for a bank. B. often, because it provides instant access to needed funds for banks. C. often, because its low interest rate can serve as a source of profit for banks. D. only during times of economic boom, when there is a high demand for loans.
The U.S. debt problem is caused by the government only; individuals don't go into debt
a. True b. False Indicate whether the statement is true or false
Incentives are not likely to be a problem if:
A. all actions are observable. B. actions are not observable. C. workers' efforts are not contractible. D. only some actions are observable.