In this type of arrangement, any balances above a certain amount in a corporation's checking account at the end of the business day are "removed" and invested in overnight securities that pay the corporation interest
This innovation is referred to as a A) sweep account.
B) share draft account.
C) removed-repo account.
D) stockman account.
A
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If the production possibilities curves of two countries have the same slope,
a. neither has a comparative advantage, and there are no gains from trade. b. although there is no comparative advantage, there are potential gains if there are differences in absolute advantage. c. neither has an absolute advantage, and there cannot be gains from trade. d. both have an absolute advantage, and can gain from trade.
Which of the following ultimately must decide what externalities should be addressed?
A. Consumers B. Firms C. The market D. Government
The exiting of firms from a perfectly competitive industry occurs when
A) opportunity costs cannot be covered. B) P = ATC. C) accounting profit is less than economic profit. D) MR equals MC.
MC = AVC and MC = ATC at points at which
A) the AVC and ATC curves are at their respective maximums. B) the AVC and ATC curves are at their respective minimums. C) the distance between the ATC and AVC curves is at its minimum. D) the distance between the ATC and AVC curves is at its maximum.