A person who is willing to take a bet with a negative expected value is risk-loving.
Answer the following statement true (T) or false (F)
True
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Firms that participate in regular open market transactions with ________ are called primary dealers
A) Treasury banks B) the Federal Reserve C) mortgage lenders D) commercial banks
Considering the concept of cross-price elasticity, if two goods are substitutes:
A. an increase in the price of one causes a decrease in the demand for the other. B. a decrease in the price of one causes an increase in the demand of the other. C. an increase in the price of one causes an increase in the demand for the other. D. the cross-price elasticity is negative.
Before specialization: a. families were largely self-sufficient
b. families produced much more than they could each consume. c. there was a great need for exchange between families. d. families consumed much more than they could each produce. e. families exchanged only goods, not services.
Import standards on specific countries usually address issues affecting:
A. domestic consumers. B. domestic producers. C. foreign production practices. D. how goods and services flow from one nation to another.