What is the main function of the financial system?
Matching savers with investors.
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Price floors lead to market surpluses.
Answer the following statement true (T) or false (F)
Wealth consists ultimately of
A) gold. B) land. C) money. D) whatever people value.
Signals can help prevent adverse selection as long as a false signal is costly to the person sending it
Indicate whether the statement is true or false
The modification of manufacturing processes so as to reduce the resulting environmental damage is an endeavor that requires capital investment, labor inputs, and technology. What then follows from this statement?
A) Economic growth can benefit the environment. B) Environmental damage is a regrettable but necessary side effect of economic growth. C) The condition of the environment will be better in slower-growing countries. D) The way to reduce pollution is to educate people about its effects.