Within the financial services industry, which of the following is an example of a financial institution?
A. Pension funds
B. Thrifts
C. Insurance companies
D. All of these
Answer: D
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Between 2000 and 2013, the world added more than 100 billion tons of carbon to the atmosphere. Between 1998 and 2013, the earth's temperature
a. rose by approximately 3 degrees Fahrenheit. b. rose by approximately 2 degrees Fahrenheit. c. showed no significant change. d. fell by 1.4 degrees Fahrenheit.
In 2007, investment in France increased by 7 billion euros. Assume the price level was constant, the multiplier was 5 and the economy was at full employment. As a result, equilibrium expenditure:
a) Increased by 35 billion euros b) Increased by 1.4 billion euros c) decreased by 35 billion euros d) decreased by .71 billion euros
According to the text, economists consider full employment to occur when
A) everyone who wants a job has a job. B) frictional unemployment equals zero. C) the sum of frictional unemployment and structural unemployment equals zero. D) the unemployment rate consists of only frictional and structural unemployment.
Suppose a plaintiff hires a lawyer to represent her in a court case. The lawyer will be paid by the hour. Under this contract,
A) production efficiency is not achieved. B) the client bears all of the risk. C) the lawyer has an incentive to lie about his hours worked. D) All of the above.