A preferential agreement requires that the other country also provide market access
Indicate whether the statement is true or false
FALSE
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Commercial bank reserves are typically less than 1 percent of total assets, however in 2013 bank reserves ________ because of ________
A) rose to around 88 percent; the financial crisis of 2008-2009 B) dropped drastically to near zero; the financial crisis of 2008-2009 C) rose to around 18 percent; the financial crisis of 2008-2009 D) dropped drastically to near zero; the wave of natural disasters experienced in the nation and around the world E) rose drastically to around 18 percent; the wave of natural disasters experienced in the nation and around the world
Of the following endeavors of Happy Home Insurance Company of California, which involves the most nondiversifiable risk?
A) Fire insurance B) Home burglary insurance C) Earthquake insurance D) Personal accident insurance E) Home office insurance
The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change
a. in the price level and output. b. in the price level, but not output. c. in output, but not the price level. d. in neither the price level nor output.
Which of the following sayings best reflects the concept of opportunity cost?
What will be an ideal response?