Which of the following is not a benefit to lenders/investors of financial intermediation?
a. Higher yield than the direct market.
b. Lower risks than the direct market.
c. More diversification than the direct market.
d. All the above are benefits to lenders.
e. Lower transaction costs than the direct market.
.A
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Can unionization in an industry adversely affect productivity? Explain your answer
What will be an ideal response?
From the early 1990s through 2012, the U.S
A) current account and U.S. capital and financial account were both positive. B) current account was negative. C) balance of payments exceeded the capital account. D) actual balance of payments deficit exceeded what the United States measured as the balance of payments deficit. E) capital and financial account was negative.
Which of the following is FALSE regarding inelastic demand?
A) Price elasticity of demand is less than 1 (Ep < 1). B) If a firm raises price, total revenues will go up. C) Price elasticity of demand is greater than 1 (Ep > 1). D) If a firm lowers price, total revenues will fall.
An example of an externality associated with drugs is a drug
A. dealer killing his supplier for lack of delivery. B. user ruining a spouse's life. C. dealer killing his customer for lack of payment. D. user ruining the drug user's life.