The most commonly traded product (by value) in recent years has been
A) petroluem.
B) wheat.
C) televisions, stereos, and VCRs.
D) automobiles.
A
You might also like to view...
Interest rates are positive because inflation makes purchases more expensive in the future than today
Indicate whether the statement is true or false
Which of the following would NOT tend to increase the buying price in an oligopsony?
A) More buyers in the market B) Collusion among the buyers C) More elastic supply D) Rightward shift in the MV curve
One cost that potentially could result from central banks targeting money growth is:
A. volatile interest rates. B. decreased independence. C. high inflation. D. a slowdown in financial innovation.
What is one of the potential hazards of the government’s move to insure bank deposits?
a. People are less likely to apply for loans. b. Depositors are more likely to engage in bank runs. c. Banks are willing to take greater risks. d. The money supply may be less stable.