Optimal market outcomes are the same as perfect market outcomes.
Answer the following statement true (T) or false (F)
False
Although outcomes of the marketplace aren't perfect, they're often optimal. Optimal outcomes are the best possible given our incomes and scarce resources.
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Refer to Figure 14-4. In a real world situation involving Rainbow Writer and Odeon, what scenario below might permit Rainbow Writer to rationally refuse an offer from Odeon of $40 per copy of the software package?
A) Odeon is considering new distribution outlets for its products. B) Odeon hires a software developer to begin developing its own proprietary engraving software. C) Odeon is also negotiating with FastWrite, Rainbow Writer's chief rival. D) Odeon's competitors are also interested in bundling Rainbow Writer's software.
The most important tool of monetary policy is ________, through which the Fed affects the variable ________ in the money-creation formula
A) open market operations, e B) open market operations, H C) rediscount policy, e D) rediscount policy, c E) reserve requirement policy, e