Attractive industries have all the following attributes, except
a. High supplier power
b. Low buyer power
c. High entry barriers
d. Low rivalry
a
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Which of the following institutions is eligible to borrow from the Federal Reserve at the discount rate?
A) Property and casualty insurance companies B) Money market mutual funds C) Credit unions D) Investment banks
A 2 percent increase in the price of neckties leads to a 5 percent decrease in the quantity demanded of neckties. The absolute price elasticity of demand is
A) 2.5. B) 1. C) 0.4. D) 0.2.
A decrease in the price of a nonlabor input such as electricity will cause
A) a movement down the SRAS curve. B) a movement up the SRAS curve. C) a leftward shift in the SRAS curve. D) a rightward shift in the SRAS curve. E) no change regarding the SRAS curve.
An excess quantity of money demanded will lead to a rise in
A. bond prices. B. income. C. the interest rate. D. investment.