Sole proprietorships are permitted to operate in only one country
Indicate whether the statement is true or false
F
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Objects in and of themselves have no costs. Lunches are an object, so they presumably have no cost. Yet we often hear economists say, "There is no such thing as a free lunch." Are economists being inconsistent?
A) It is impossible to tell. B) Yes, if the statement implies lunch actually has a cost. C) No, if the statement implies the decision to offer lunches free of charge entails the sacrifice of scarce resources, which could have served other useful purposes. D) Both B and C are true.
Which of the followings is a duty of the Board of Governors of the Federal Reserve System?
A) setting margin requirements, the fraction of the purchase price of the securities that has to be paid for with cash B) setting the maximum interest rates payable on certain types of time deposits under Regulation Q C) regulating credit with the approval of the president under the Credit Control Act of 1969 D) All governors advise the president of the United States on economic policy.
Tobin's model of the speculative demand for money shows that people can reduce their ________ by ________ their asset holdings
A) wealth; diversifying B) risk; specializing C) return; diversifying D) risk; diversifying
A decrease in the interest rate, other things being equal, causes a(n):
a. upward movement along the demand curve for money. b. downward movement along the demand curve for money. c. rightward shift of the demand curve for money. d. leftward shift of the demand curve for money.