When two people trade, one must lose for the other to win.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Collusion occurs when firms ______.
a. behave like perfect competitors b. act as price leaders and price followers c. engage in price discrimination d. act together to restrict competition
As a result of the open market sale, Jekyll Bank
A) can create $50,000 of new loans. B) will have $45,000 of excess reserves. C) will have to borrow reserves to replenish its reserve deficiency. D) will have an increase in checkable deposits.
The marginal benefit in the table is:Control variableTotal BenefitsTotal CostsNet BenefitsMarginal BenefitMarginal CostMarginal Net BenefitQB(Q)C(Q)N(Q)MB(Q)MC(Q)MNB(Q)0000---190010080090010080021,700300C80020060032,4006001,800700E4004A1,0002,00060040020053,5001,5002,000500500F63,9002,1001,800D600-20074,2002,8001,400300700-40084,400B800200800-60094,5004,5000100900-800104,5005,500-1,00001,000-1,000
A. increasing at a constant rate. B. increasing at a decreasing rate. C. decreasing at a constant rate. D. decreasing at an increasing rate.
If the price of a product decreases, we would expect:
A. Demand to increase B. Quantity supplied to decrease C. Supply to decrease D. Quantity supplied to increase