Financial intermediaries pool funds of:
A. few large savers and provide it to many small borrowers.
B. few large savers a few large borrowers.
C. many small savers and provide it to many borrowers.
D. many small savers and provide it to a few large borrowers.
Answer: C
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If income increases and the demand for bus rides decreases,
A) bus rides are a normal good. B) consumers are behaving irrationally. C) bus rides are an inferior good. D) bus rides are a substitute good. E) bus rides must be a complement good with some other good.
?If oil executives control the governmental agency which regulates oil companies, regulatory capture has occurred.
Answer the following statement true (T) or false (F)
Individual transferable quotas are limited in their effectiveness because:
A. they are only enforceable within 200 miles of a nation's shores. B. government, rather than the market, sets their price. C. they encourage wasteful spending by fishers in ITQ areas. D. they are not tradable.
The consumption of fixed capital in each year's production is called:
A. Indirect business taxes B. Inventory reduction C. Depreciation D. Net investment