Refer to Table 4-3. The table above lists the marginal cost of cowboy hats by The Waco Kid, a firm that specializes in producing western wear. If the market price of cowboy hats is $50, producer surplus is

Centrally planned economies tend to grow more quickly than market economies

Indicate whether the statement is true or false

As a result of an open market purchase, bank reserves

A) rise and interest rates fall. B) fall and interest rates rise. C) and interest rates both rise. D) and interest rates both fall.