In perfectly competitive markets, transactions costs are:
A. generally quite high.
B. a natural byproduct of making the transaction.
C. low or nearly zero.
D. seen as a nuisance and generally ignored when making a transaction.
C. low or nearly zero.
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A bank's required reserves are the fraction of deposits they are required by law to hold as reserves
Indicate whether the statement is true or false
The Fed's loan that effectively nationalized AIG was approved by Congress
a. True b. False Indicate whether the statement is true or false
Survey results indicate that support for the British National Health Service is quite strong:
a. even though a significant number of those surveyed are less concerned about equal access to care and more concerned about the quality of their own care. b. due to the narrowing of health inequalities across socioeconomic groups since its inception. c. with widespread support of the functioning of the National Institute of Health and Clinical Excellence (NICE), that guarantees medical treatment to all segments of the population regardless of cost or efficacy. d. even though the majority of those surveyed feel the quality of care would improve if patients could spend their own money for rationed services. e. because of reductions in the length of time that patients must wait for elective surgeries.
Holding all else constant, an increase in U.S. real GDP will ________ the supply for dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.
A. increase; increase B. decrease; increase C. decrease; decrease D. increase; decrease