U.S. farm subsidies are a sticking point in negotiating freer international trade agreements
a. True
b. False
A
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Aside from the simple pleasure of seeing your own good advertised on television or in the print media, one important reason that firms advertise is to
a. lower their costs b. reduce product differentiation c. shift their own demand curves to the right d. decrease market share e. shift their own demand curves to the left
A bank is less likely to borrow from the Fed when the __________ falls relative to the __________
A) discount rate; required reserve ratio B) excess reserve; required reserves C) discount rate; federal funds rate D) federal funds rate; discount rate
A reserve requirement set by the Federal Reserve is the:
A. maximum ratio of reserves to bank deposits that commercial banks are allowed to maintain. B. maximum amount of currency banks are allowed to hold in their vaults. C. minimum ratio of reserves to bank deposits that commercial banks are allowed to maintain. D. minimum amount of currency banks must hold in their vaults.
A demand curve is a graphical representation of
A. relative prices. B. consumer tastes. C. national income. D. the demand schedule.