The group that benefited most from the bailout of General Motors and Chrysler was nonunion workers
Indicate whether the statement is true or false
false
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If the firms in a market have constant returns to scale internally while there are external economies of scale for the industry, a firm's long-run supply curve will be ________ and the long-run market supply curve will be ________
A) downward sloping; downward sloping B) upward sloping; horizontal C) horizontal; downward sloping D) downward sloping; horizontal E) upward sloping; downward sloping
Risk pooling:
A. reallocates the likelihood of catastrophes happening. B. reallocates the costs of catastrophes when they occur. C. diversifies the risk of catastrophes occurring. D. gathers individuals with similar risks and pools them together.
If the Fed sells bonds, we should expect to see the money supply
a. decrease, the interest rate increase, autonomous consumption decrease, business investment decrease, and real GDP decrease b. increase, the interest rate decrease, autonomous consumption decrease, business investment decrease, and real GDP decrease c. increase, the interest rate decrease, autonomous consumption increase, business investment increase, and real GDP increase d. decrease, the interest rate decrease, autonomous consumption increase, business investment increase, and real GDP decrease e. decrease, the interest rate increase, autonomous consumption increase, business investment increase, and real GDP increase
People:
A. rarely have access to complete information. B. often have access to complete information. C. always have access to complete information. D. never have access to complete information.