Open-market operations are the tool used least frequently by the Fed to alter the reserves of the banking system.
a. true
b. false
b. false
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The justification for government action based on the argument that everyone agrees to be coerced if everyone else is forced as well is not compatible with the criterion of Pareto superiority
a. True b. False
A theory predicts that all swans are white. A thousand people go out into the field and identify the color of the swans they see. Their results reveal that, of the 10,000 swans they saw, all were white. It follows that
A) the swan theory is a falsifiable theory. B) the swan theory is correct. C) the evidence fails to reject the swan theory. D) a and b E) a and c
A toy manufacturer is experiencing quality problems on its assembly line. Every defective toy that leaves the factory costs the firm $20. The firm has decided to hire quality inspectors to catch defective toys before they leave the factory.
Given the above information, if the cost of each defective toy rises to $50, while inspectors are paid $150 a day, how many inspectors should the firm hire?
A. 3 B. 4 C. 5 D. 6
Quotas imposed on Japanese imports into the United States tend to:
A) penalize both U.S. consumers and Japanese consumers. B) benefit both U.S. consumers and Japanese consumers. C) penalize U.S. consumers and benefit Japanese consumers. D) benefit U.S. consumers and penalize Japanese consumers.