The financial system is primarily a means by which
A) funds are transferred from savers to borrowers.
B) money is put into circulation.
C) the government puts into operation its plans for the economy.
D) business firms distribute their goods.
A
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As a result of a war in the country of Omega, refugees flee to the country of Alpha to seek employment. Holding other factors constant, the influx of refugees will ________ the real wage in Alpha and ________ employment in Alpha.
A. decrease; decrease B. increase; increase C. increase; decrease D. decrease; increase
________ the quantity of money in the United States
A) The President of the United States regulates B) Commercial banks regulate C) The Federal Reserve System regulates D) The Department of Treasury regulates E) The State Department regulates
If a struggling perfectly competitive furniture store in Detroit shuts down, it incurs an economic loss equal to its
A) marginal cost. B) total fixed cost. C) total variable cost. D) average variable cost. E) average total cost.
Which of the following is NOT an obstacle to economic development?
A) lack of entrepreneurship B) political instability C) corruption D) a central bank