In response to news reports that drinking a glass of red wine each day can reduce an individual's risk of heart disease, there will most likely be a(n)
A. increase in the demand for red wine.
B. increase in the supply of red wine.
C. decrease in the supply of red wine.
D. increase in the quantity demanded of red wine.
Answer: A
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If a banker lacks enough information to determine exactly which applicants for a loan are good risks and which are bad risks, then he faces a(n) __________ problem
A) moral hazard B) adverse selection C) market failure D) disintermediation
Most people who earn the minimum wage are poor
Indicate whether the statement is true or false
Which of the following people are liquidity providers?
A. Used car salesman B. Stock broker C. Real estate agent D. All of these are considered liquidity providers.
What happens to domestic investment as the real interest rate rises? Explain your answer