European corporations have been described with the term:
a. laissez faire
b. indirect capitalism
c. shareholder capitalism
d. managerial capitalism
e. all of the above
D
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If a binding price floor were placed in the market in the graph shown:
A. quantity demanded would exceed quantity supplied.
B. quantity supplied would exceed quantity demanded.
C. the demand curve would have to shift.
D. the supply curve would have to shift.
Answer the following statements true (T) or false (F)
1. The period known as the "Industrial Revolution" began in the United States in the late 1800's. 2. Citizens living in the richest nations today have material standards of living that are on average more than 50 times higher than people living in the poorest countries. 3. Savings are generated when current consumption is less than current output. 4. Buying 100 shares of Google stock would be an example of economic investment 5. Economists use the word investment to refer to the purchase of assets such as stocks, bonds, and real estate.
Fiona uses all of her income to purchase popcorn and butter. At any two points A and B on Fiona's budget constraint,
a. Fiona is equally happy. b. Fiona is spending more money on popcorn than she is spending on butter. c. Fiona's income is different. d. the price of popcorn relative to the price of butter is the same.
What is the Federal Reserve best known for?
(A) For setting the discount rate. (B) For the fractional reserve banking system. (C) For regulating the nation's money supply. (D) For bank examinations.