Open-market operations refer to the purchase and sales of stocks listed on the New York Stock Exchange.
Answer the following statement true (T) or false (F)
False
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The law commonly known as the ______________ can impose an 80-day “cooling-off period” to allow time for negotiations to proceed without the threat of a work stoppage.
a. Fair Labor Standards Act b. Clayton Act c. Taft-Hartley Act d. Peonage Act
The economic way of thinking indicates that government action will
a. never improve on the allocation of resources through markets. b. always improve on the results of markets if the political process is democratic. c. reflect the actions of political decision-makers seeking to advance the public interest, rather than their own personal interests. d. can either improve the well-being of the general public, or harm it, depending on the circumstances.
Suppose, Nelson & Robinson, a renowned manufacturer of herbal products, introduces 16 new varieties of facial cleansers and shower gels within the same year. This will allow the company to dominate the shelf space at retail stores and crowd out new entrants in this market
Indicate whether the statement is true or false
If a lobster in Maine costs $10 and that the same type of lobster in Massachusetts costs $30, then people could make a profit by
a. buying lobsters in Maine and selling them in Massachusetts. This action would increase the price of lobster in Massachusetts. b. buying lobsters in Maine and selling them in Massachusetts. This action would decrease the price of lobster in Massachusetts. c. buying lobsters in Massachusetts and selling them in Maine. This action would increase the price of lobster in Massachusetts. d. buying lobsters in Massachusetts and selling them in Maine. This action would decrease the price of lobster in Massachusetts.