The upward trend in the currency-deposit ratio during 1994-2007 can be explained by
A) the increased holdings of U.S. currency by foreigners.
B) bank panics.
C) a drop in the rate of interest paid on checking deposits.
D) high taxes and illegal activities.
A
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Conflict resolution of the stockholder-lender conflict in smaller market-oriented firms is most effectively accomplished by
A) financial intermediation (monitoring). B) financial intermediation (ownership consolidation). C) rating agencies. D) managerial compensation.
All of the following are surplus items in the balance of payments EXCEPT
A) purchases of foreign assets. B) exports of merchandise. C) foreign tourist expenditures. D) funds deposited in this country by foreign residents.
Which of the following is an example of a time-series data set?
A. average amount of labor employed at specific times of the day at a specific factory in 2010. B. amount of labor employed yearly in a specific factory from 1990 through 2010. C. amount of labor employed in each factory in the U.S. in 2010. D. All of the above are time-series data sets.
In economics, utility is defined as
A. the usefulness of a good or service. B. the objective measure of the desirability of a good or service. C. the want-satisfying power of a good or service. D. the utilitarian value of a good or service.