Financial intermediaries, such as commercial banks, help borrowers, particularly small borrowers, by:
A. providing information to evaluate financial investments.
B. providing credit that might otherwise not be available.
C. offering tax-preferred borrowing opportunities.
D. eliminating the risk of borrowing.
Answer: B
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The local Allied Moving Company begins this year with capital equal to $250,000. During the year the firm depreciates $150,000 worth of its capital and ends the year with capital equal to $250,000
Which statement correctly summarizes Allied Moving Company's investment? A) Allied Moving Company made gross investment of $250,000 during the year. B) Allied Moving Company made no net investment during the year. C) Allied Moving Company made no gross investment during the year. D) Allied Moving Company made no capital investment during the year. E) Allied Moving Company made net investment of $150,000 during the year.
According to the Bureau of Labor Statistics, a person who is self-employed is considered
A) unemployed. B) employed. C) not in the labor force. D) a discouraged worker.
If a country is subject to increasing opportunity costs, its national supply curve (i.e. the locus of national output levels of S at various relative prices of S) will have a ________ slope
A) flat B) positive C) negative D) bowed out
A possible solution to errors-in-variables bias is to
A) use log-log specifications. B) choose different functional forms. C) use the square root of that variable since the error becomes smaller. D) mitigate the problem through instrumental variables regression.