If a decrease in the price of good Y causes the demand for good Z to decrease, this indicates that...
What will be an ideal response?
Y and Z are substitutes
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If a bank receives a $5 million discount loan from the Fed, then the bank's reserves will
A) increase by $5 million. B) increase by more than $5 million. C) increase by less than $5 million. D) not change.
Refer to above figure. Suppose the European government provides Airbus with a subsidy of $4 for each airplane sold, and that the subsidy convinces Boeing to exit the Hungarian market. Now Airbus would be the monopolist in this market
What price would they charge, and what would be their total profits?
The first independent federal railroad regulatory agency was:
a. Interstate Commerce Commission. b. Federal Trade Commission. c. Federal Bureau of Alcohol, Tobacco, and Fire Arms. d. United States Fair Trade Commission.
List appropriate criteria for deciding whether a merger of two firms producing similar products should be permitted