Long-term customer relationships ________ the cost of information collection and make it easier to ________ credit risks
A) reduce; screen
B) increase; screen
C) reduce; increase
D) increase; increase
A
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Membership in a customs union may be either welfare improving or welfare worsening. Illustrate and explain
What will be an ideal response?
In business, the "bottom line" refers to the very last line of a(n):
A. income statement, which shows profit. B. balance sheet, which shows profit. C. income statement, which shows total revenue. D. balance sheet, which shows total income.
Production at points beyond the production possibilities frontier cannot be attained unless there is an increase in resources or an improvement in technology.
Answer the following statement true (T) or false (F)
Which of the following reduced the demand stimulus effects of monetary policy during the years following the 2008-2009 recession?
a. Failure of the Fed to provide sufficient reserves to the banking system for the extension of new loans. b. A substantial reduction in the velocity of money resulting from the historically low interest rates. c. The Fed's high interest rate policy that reduced private investment. d. Inability of the Fed to gain approval from Congress to purchase assets other than bonds issued by the federal government.