To measure the amount of credit actually extended through the Eurobanks, we use
A) the net size of the market.
B) the gross size of the market.
C) total deposits minus interbank activities
D) Both A and C.
D
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Which of the following statements is true of the number of entrepreneurs in an economy?
A) The number of entrepreneurs is likely to be higher in an economy with inclusive institutions than in an economy with extractive institutions. B) The number of entrepreneurs is likely to be higher in a command economy than in a market economy. C) The number of entrepreneurs is likely to be the same in an economy with inclusive institutions and an economy with extractive institutions. D) The number of entrepreneurs is likely to be the same in a command economy and a market economy.
Suppose the U.S. price level is 150, the German price level is 450, and the Swiss price level is 600
If exchange rates are 3 euros/dollar and 4 francs/dollar, then purchasing power parity ________ between Germany and the United States and ________ between Switzerland and the United States. A) does not hold; holds B) holds; does not hold C) does not hold; does not hold D) holds; holds
Suppose there are three buyers in the market for bottled water. At a price of $2 per bottle, Jerry demands 23 bottles, Elaine demands 14 bottles, and Kramer demands 7 bottles. One point on, the market demand curve for bottled water is
a. price = $2 and quantity = 23 bottles b. price = $88 and quantity = 44 bottles c. price = $88 dollars and quantity = 14 bottles d. price = $2 and quantity = 44 bottles e. impossible to determine from the information given
While their respective subject matters differ greatly, both microeconomists and macroeconomists rely on the same basic tools; that is, both rely on
a. government contracts to promote research and publications. b. demand-and-supply analysis. c. the economic theory of John Maynard Keynes. d. consumer protection laws and antitrust legislation.