When two people trade,
A. they both expect to be made better off by the exchange.
B. both of them expect to be made worse off by the exchange.
C. they are trying to help out each other.
D. they know one of them will get the better of the other.
Answer: A
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A) -12. B) -1/6. C) -6. D) -1/12.
The Fed tries to prevent major financial crises through its control of financial markets
a. True b. False Indicate whether the statement is true or false
If the demand for a good increases because consumer income increases, the good is a(n):
a. inferior good. b. normal good. c. necessity good. d. luxury good.
The process of obtaining funds from private parties such as investors, venture capital investors, or other companies interested in investing in a business is known as
a. factoring b. loan sharking c. private placement d. no-obligation loans e. none of these