Financial intermediaries are
A) institutions that regulate financial instruments.
B) organized exchanges where currencies are traded.
C) organized exchanges where securities and financial instruments are bought and sold
D) institutions that make loans to borrowers and obtain funds from savers.
D
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Suppose the supply of dollars decreased from S2 to S1 in Figure 36.3. As a result of this change,
A. The Swiss franc will gain value worldwide. B. A trade deficit will be created in Switzerland. C. U.S. computer exports to Switzerland will be lower-priced in dollars. D. Swiss chocolate imports to the United States will be lower-priced in dollars.
Suppose the demand for good X is Q = 500P-1. This demand curve has a ________ (constant, variable) elasticity of demand equal to ________.
A. constant; -1 B. variable; -0.5 C. constant; -0.2 D. variable; -2
Which of the following is most likely to occur because of an increase in the price of electricity in California?
A. An increase in electricity imported into California. B. An increase in the consumption of electricity in California. C. A decrease in electricity imported into California. D. A decrease in the supply of electricity in California.
If a natural monopoly is forced to follow a policy of average-cost pricing, the monopolist will:
A. earn economic profits greater than zero. B. charge a higher price than if the monopolist were not regulated. C. charge a lower price than if the monopolist were not regulated. D. decrease output below that in an unregulated pricing policy.