If the Fed wanted to use open market operations to reduce interest rates, it would:
A. buy T-bills from banks.
B. sell T-bills to banks.
C. issue T-bills on behalf of banks.
D. grant banks permission to issue T-bills.
Ans: A. buy T-bills from banks.
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Which of the following statements correctly characterizes the colonial commodity trade deficit?
a. The Middle colonies had the largest commodity trade deficit. b. The Southern colonies exported more to Great Britain & Ireland than they imported. c. The colonies experienced commodity trade deficits not only in their trade with England, but also in trade with Southern Europe and Africa. d. The colonies had a commodity trade deficit with Great Britain, but a commodity trade surplus once all trades were taken into account.
Critics of advertising argue that firms use advertising to manipulate consumers' tastes
a. True b. False Indicate whether the statement is true or false
If a government is going to promote economic progress, which of the following is most important?
What will be an ideal response?
To maximize profits, a perfectly competitive firm should produce until:
A. average total cost is minimized. B. marginal cost is equal to price. C. per unit profits are maximized. D. price is greater than average total cost.