If you were going to spend time in Great Britain, you would be paying for goods and services with
A. pounds.
B. dollars.
C. euros.
D. gold.
A. pounds.
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Suppose Ramen noodles, an inexpensive but a quite tasty dish, are an inferior good. Why do grocery stores in college towns, that is, towns with a large fraction of college students, stock a lot of Ramen noodles?
What will be an ideal response?
The Federal Deposit Insurance Corporation
a. has eliminated bank failures b. insures all demand deposits without limit c. insures a person's demand deposits in any bank up to $100,000 d. insures a person's demand deposits in any bank up to $10,000 e. insures a person's savings and loan deposits in any S&L institution up to $100,000
Which of the following is characteristic of the corporate form of ownership?
a. unlimited liability b. easy transferability of ownership rights c. no divisible ownership rights d. absence of the principal-agent problem
Define the efficient markets hypothesis