If production is characterized by increasing returns to scale, then
a) the economy is self-sufficient and will not engage in foreign trade
b) intra-industry trade is likely to occur
c) the nation is more likely to be a net importer than a net exporter
d) the production possibilities set is limitless
e) smaller production runs are more economical than large ones
b) intra-industry trade is likely to occur
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Which of the following statements about "inside information" is FALSE?
A) It is information that is not available to the general public. B) It is illegal to knowingly use inside information when trading stocks. C) Profits can be made using inside information. D) The government never imposes fines or other penalties for abuse of inside information.
How is it possible to have a separation between ownership and control of a major corporation? What specific type of market imperfection can cause this?
What will be an ideal response?
M2 is equal to M1 plus:
A. savings deposits, money market deposit accounts, small time deposits, and eurodollars. B. savings deposits, money market deposit accounts, money market mutual funds, and eurodollars. C. small time deposits, money market deposit accounts, money market mutual funds, and eurodollars. D. savings deposits and small time deposits of less than $100,000.
The services the Federal Reserve provides to foreign central banks and other international organizations are handled:
A. only by the Reserve Bank in New York. B. directly by the Board of Governors in Washington D.C. C. by all of the Reserve Banks. D. only by the Reserve Bank in San Francisco.