When you deposit funds in a bank and then the bank lends these funds to a borrower, the bank is engaged in
A) fiduciary investment.
B) fraudulent behavior.
C) universal banking.
D) financial intermediation.
D
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The firm's demand for labor curve is its
A) average product of labor curve. B) marginal product of labor curve. C) marginal revenue product of labor curve. D) average revenue product of labor curve.
Which of the following was asserted by Gary Becker regarding employment discrimination?
a. Businesses will tend to avoid discriminatory employment practices because of competitive markets. b. Bigoted business owners will continue discriminatory employment practices despite productivity losses. c. Market forces and federal laws will be unable to overcome the bigoted nature of most employers. d. Market forces and productivity gains guarantee the end of discriminatory employment practices.
Suppose that the demand for picture frames is highly inelastic, and the supply of picture frames is highly elastic. A tax of $1 per frame levied on picture frames will decrease the effective price received by sellers of picture frames by
a. less than $0.50. b. $0.50. c. between $0.50 and $1. d. $1.
What are the two meanings of interest in economics?
What will be an ideal response?