To justify infant industry protection:
a. firm must move down its average cost curve to produce more output.
b. a firm's average cost curve must shift upward over time.
c. a firm's total cost curve must shift leftward over time.
d. a firm's average cost curve must shift downward over time.
Ans: d. a firm's average cost curve must shift downward over time.
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Everything else held constant, in the market for reserves, when the demand for federal funds intersects the reserve supply curve on the vertical section, increasing the discount rate
A) increases the federal funds rate. B) lowers the federal funds rate. C) has no effect on the federal funds rate. D) has an indeterminate effect on the federal funds rate.
Stocks that offer a guaranteed fixed periodic payment or dividend are known as:
a. common stock. b. restricted stock. c. close-ended stock. d. preferred stock. e. open-ended stock.