Nonprofit association that promotes the interests of a particular industry:
a. cooperative
b. corporation
c. trade association
d. limited partnership
e. sole proprietorship
Ans: c. trade association
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A small country is an international lender and its domestic supply of loanable funds increases. Consequently, the equilibrium quantity of loanable funds used in the country ________ and the country's international lending ________
A) increases; decreases B) does not change; does not change C) does not change; increases D) increases; does not change
The figure above shows a consumer is indifferent between points
A) d and c. B) a, b, c, d, and e. C) e and d. D) b and a.
The quantity theory assumes that
a. velocity is constant. b. income is constant. c. prices are constant. d. transactions are constant.
A flat-rate tax assessed on property or other financial assets such as stocks and bonds is a(n)
a. asset tax b. physical tax c. ownership tax d. proportional tax e. excise tax