A monopolist is able to choose whatever price that it wishes and is only constrained by its greed
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If the price of a Canadian dollar went from 0.95 US dollars to 0.98 US dollars, we would say that the Canadian dollar has
a. Appreciated b. Depreciated c. Not changed in value d. None of the above
Economics
A lender of last resort is a financial institution that is willing and able to lend to: a. individuals who have other debts outstanding
b. individuals who do not have a positive net worth. c. banks that are not members of the Federal Reserve System. d. fractional reserve system banks experiencing runs on their deposits. e. Federal Reserve System member banks experiencing runs on their deposits.
Economics