The law of demand says that as the price of a good rises, the quantity demanded of the good tends to fall
a. True
b. False
A
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It is the role of ________ to transfer funds from savers to borrowers
A) corporate governance B) the federal government C) an economy's financial system D) the Federal Reserve
What percentage of all banks in the United States belong to the Federal Reserve System?
A) 5% B) 38% C) 75% D) 90%
In the past few years, the demand for donuts has greatly increased. This increase in demand might best be explained by:
A. an increase in the cost of making donuts. B. an increase in the price of coffee. C. consumers expecting donut prices to fall. D. a change in buyer tastes.
By the 21st century few people purchased printed encyclopedias. Which of the following competitive forces best explains this?
A) competition from substitutes B) the bargaining power of suppliers C) the bargaining power of buyers D) the threat from potential entrants