According to Alfred Chandler (1977), big business could be justified, at least in part, by the ability of large scale enterprises to take advantage of scale economies. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The benefits of urbanization include: crime, pollution, increased taxation and congestion. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Primary assets held by the Federal Reserve are a. loans to commercial banks. b. U.S. government securities. c. Federal Reserve notes. d. reserve deposits by banks. ANSWER B
Date: September 10th, 2020
The Webb-Pomerene Act of 1918 prohibits price fixing and other anticompetitive agreements that pertain solely to goods for export. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Primary liabilities of the Federal Reserve include a. Federal Reserve notes. b. U.S. government securities. c. loans to banks. d. reserve deposits by banks. e. Both a and d ANSWER E
Date: September 10th, 2020
As entrepreneurs find new market niches and help specific industries grow, other industries will (a) grow proportionately. (b) grow disproportionately. (c) fail. (d) grow disproportionately and fail. ANSWER (d)
Date: September 10th, 2020
The money multiplier is the ratio of a. bank reserves to bank deposits. b. the change in the money supply to the change in the monetary base. c. the money supply to the monetary base. d. bank deposits to bank reserves. e. both b and c. ANSWER E
Date: September 10th, 2020
An open market purchase immediately impacts the banking system balance sheet by a. increasing required reserves. b. increasing deposits. c. increasing the money multiplier. d. increasing excess reserves. e. none of the above. ANSWER D
Date: September 10th, 2020
The percentage of the population that lived in urban areas rose from approximately 5% in 1790 to 40% in 1860. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Which sector consists of services traded for food, shelter, housing or other services? (a) tertiary (b) secondary (c) primary (d) international ANSWER (a)
Date: September 10th, 2020
