Which of the following is not a basic monetary policy tool used by the Fed?
A. The discount rate.
B. Reserve requirements.
C. Open-market operations.
D. The income tax rate.
D. The income tax rate.
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How do the characteristics of perfect competition and monopolistic competition differ?
What will be an ideal response?
What do many economists see finance companies as having an advantage in?
A) purchasing commercial paper B) selling long-term securities C) monitoring the value of collateral D) charging consumers particularly low interest rates
The conflict between the Vice President of Marketing and her sales staff arises because
a. the sales staff are unwilling to offer discounts b. the Vice President does not want to negotiate aggressively enough c. the sales staff do not want to negotiate too aggressively d. the Vice President is more willing to offer discounts to make the sale
Marginal revenue is the change in:
a. total profit brought about by selling one more unit of output. b. price brought about by selling one more unit of output. c. total revenue brought about by selling one more unit of output. d. output brought about by a $1 change in product price. e. average revenue brought about by selling one more unit of output.