Family, language, and customs tie people to particular areas, so that the fact that people have the right to migrate does not mean that large numbers of them will actually do so
a. True
b. False
Indicate whether the statement is true or false
True
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The arithmetic value of (1 - MPC) equals
A) MPS. B) APS. C) APC. D) NDP.
Suppose a Treasury bond will mature in 4 years. If the bond pays a coupon of $200 per year and will make a final par value payment of $5,000 at maturity, what is its price if the relevant market interest rate is 3%?
A) $5,185.85 B) $5,304.26 C) $5,743.42 D) $6,011.82
The Second Theorem of Welfare Economics states that:
a. all Walrasian equilibria are also social welfare maxima. b. social welfare maxima will usually be Pareto inefficient. c. any social welfare maximum can be a Walrasian equilibrium with suitable transfers of initial endowments. d. all Pareto optimal allocations are social welfare maxima.
A bank can eliminate its negative excess reserves by doing each of the following except
A. borrowing in the Federal Funds market. B. borrowing at the discount window. C. buying United States government securities. D. not renewing loans.