All of the following reduce the transaction costs for consumers EXCEPT
A. eBay.
B. a shopping mall.
C. a grocery store.
D. a court decision regarding product safety.
Answer: D
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Deviations from interest rate parity occur due to
A) transaction costs. B) government controls. C) political risk. D) All of the above.
Mary purchases a U.S. Treasury bond; the bond is a(n):
A. asset of the U.S. government as well as an asset for Mary. B. asset for the government but a liability for Mary. C. asset for Mary but not a liability of the U.S. Government. D. liability of the U.S. government and an asset for Mary.
As compared to a perfectly competitive firm, a monopolistically competitive firm will:
A. have more control over price. B. have less control over price. C. face more barriers to entry. D. face many more competitors.
The rights to own private property and to exchange goods with minimal government interference is
A. economic freedom. B. capital freedom. C. political freedom. D. population freedom.