Government policies that encourage savings
A) reduce interest rates.
B) increase interest rates.
C) have no effect on interest rates.
D) lower the net present value of all investments.
A
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In an English auction
A) the price decreases until someone bids. B) the price increases until nobody else will raise the bid. C) bidders put their bids in a sealed envelope. D) the winning bidder pays the amount bid by the person with the second highest bid.
The total physical product of an input is the same thing as its
a. total revenue product. b. marginal physical product times output. c. output. d. total consumer's surplus.
Structural problems associated with globalization are no longer a concern for policy makers or economists.
Answer the following statement true (T) or false (F)
The financial system is inherently more unstable than most other industries due to the fact that:
A. a single firm failing in banking can bring down the entire system; this isn't true in most other industries. B. banks deal in paper profits, not in real profits. C. while in most other industries customers disappear at a faster rate, in banking they disappear slowly so the damage is done before the real problem is identified. D. there is less competition than in other industries.