________ facilitate the use of money for transactions in the economy.
a. Banks
b. Consumers
c. Companies
d. Governments
a. Banks
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Western expansion contributed to U.S. growth and development of the economy by
(a) privately mobilizing idle natural resources and land. (b) placing land in the hands of the public, with no private rights. (c) having government officials set land prices. (d) all of the above.
Economists regard events from the past as
a. irrelevant, since history is unlikely to repeat itself. b. of limited interest, since those events seldom provide any useful economic data. c. interesting but not particularly valuable, since those events cannot be used to evaluate present-day economic theories. d. interesting and valuable, since those events are capable of helping us to understand the past, the present, and the future.
Campbell Soup agrees to sell its brand to a grocery chain only if the chain also agrees to buy a minimum number of cases of its V-8 juice. This is an example of:
A. a resale price maintenance agreement. B. a tying agreement. C. exclusive dealing. D. price discrimination.
By raising the discount rate, the Federal Reserve ________ banks from borrowing more reserves.
A. encourages B. discourages C. prohibits D. short-changes