Which of the following is not a financial intermediary?
A. The New York Stock Exchange
B. A bank
C. An insurance company
D. A mutual fund
Answer: A
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If the price of a product increases
A. total revenue will definitely decrease. B. total revenue will definitely increase. C. consumer surplus will decrease. D. consumer surplus will increase.
When Jimmy is shopping for fire insurance for his condo, he finds that the insurance companies all require smoke detectors be installed before they will issue a policy. This is a way for the insurance companies to help reduce the problem of ________
Fill in the blank(s) with correct word
When the demand for money becomes less responsive to changes in income, the LM curve becomes ________ and it also shifts to the ________
A) flatter, left B) flatter, right C) steeper, left D) steeper, right
In which of the following situations is the political process likely to result in the inefficient and wasteful use of resources?
a. when the benefits are concentrated and the costs are concentrated b. when the benefits are concentrated and the costs widespread c. when the benefits are widespread and the costs are concentrated d. when the benefits are widespread and the costs are widespread