Which of the following is not a financial intermediary in the loanable funds market model?
a) Banks
b) Mutual funds
c) Stock market
d) Credit unions
Ans: c) Stock market
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Caregivers for the disabled elderly are most likely to be:
a. Daughters or other female relatives and friends b. Sons or other male relatives and friends c. Spouses d. Assisted living attendants
Kaitlyn purchased one share of Northwest Energy stock for $200; one year later she sold that share for $400 . The inflation rate over the year was 50 percent. The tax rate on nominal capital gains is 50 percent. What was the tax on Kaitlyn's capital gain?
a. $50 b. $75 c. $100 d. $200
A government agency is having problems with personal telephone calls made during working hours. Because each minute of a personal call costs the agency $0.50 in wasted wages, it has decided to hire operators to monitor calls. The agency wants to hire the number of operators that will minimize the total cost of personal calls.
Based on the above information, if operators receive $400 a week, what is the lowest possible total cost of personal calls?
A. $1450 B. $1500 C. $650 D. $800
Suppose the nation of Alphonia was charged with dumping electric lawnmowers in the nation of Omegalon. The charge of dumping electric lawnmowers in the Omegalon market means that Alphonia was accused of
A) selling faulty electric lawnmowers in Omegalon. B) discarding electric lawnmowers which would not sell in their home country. C) selling electric lawnmowers below cost or below domestic prices. D) selling counterfeit-branded electric lawnmowers in Omegalon.