The claim that lower environmental standards in foreign countries reduce industrial competitiveness for high standard countries is on firm theoretical ground because
A) higher environmental standards requirements raise the cost of production to a firm or industry abiding by the rules.
B) there will be a race-to-the-bottom competition on environmental standards.
C) the interests of firms that are subject to the high standards coincide with the nation's interests, one-for-one.
D) environmental standards in most countries have gotten more lax over time.
A
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The expected yield on an asset with two possible outcomes is equal to the
A) difference between the two outcomes. B) sum of the possible outcomes multiplied by their respective probabilities. C) standard deviation of the two outcomes. D) product of the two outcomes.
Which of the following is correct?
a. Federal Reserve purchases of securities will increase the reserves available to commercial banks. b. Federal Reserve purchases of securities exert upward pressure on interest rates in the short run. c. The Federal Reserve System determines the ratio of currency held by the public to the money supply (M1). d. Federal Reserve purchases of securities will decrease the reserves available to commercial banks.