Financial intermediaries will be more likely to loan you the savings of other individuals than an individual because
A) they have specialists who research your credit worthiness.
B) they have contingency funds to cover loan losses.
C) they fund credit agencies to collect loan repayment information.
D) All of the above.
D
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Use the following table to answer the question below.Giovanni's Production Possibilities ScheduleJorge's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn0160032040120202408080401601204060801600800Jorge should specialize in the production of which good?
A. corn B. green beans C. both D. neither
Specialization and the division of labor typically result in
A) cost overruns. B) increased output. C) decreased output. D) a greater reliance upon imports.
An accountant shows an invoice for a resource to the manager of the firm. They are discussing
A) explicit costs. B) implicit costs. C) economic profits. D) either explicit costs or implicit costs, but we can't tell without more information.
What is true of depletable resources is that
a. increasing scarcity leads to their total disappearance. b. they are depleted by gradually using up the supply of homogeneous resources, every unit of which is equally available. c. generally the most accessible and cheapest sources are used up so that new supplies become more costly. d. their prices must rise at the average rate of inflation.