Which of the following statements is true?
A) Non-bank institutions are also a part of the credit market.
B) People who lend money are known as debtors.
C) People who borrow money are known as creditors.
D) Money that is lent out is considered to be a liability.
A
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The graph shows costs and benefits of a mosquito control program, which is a public good:
a) What is the quantity of spraying that achieves efficiency? b) What is the political equilibrium if voters are well informed?
Bob and Bill can make 16 toys each if they devote 8 working hours in a day. Further, Bob can repair 4 cars and Bill can repair 2 cars, if they devote 8 working hours in a day. What is the opportunity cost of repairing one car to Bill?
a. 10 toys b. 8 toys c. 16 toys d. 12 toys e. 4 toys
The fact that wage differentials continue to exist across different groups of workers leads economists to believe that
a. discrimination by customers is the most common type of economic discrimination. b. differences in human capital and job characteristics must be important in explaining the differences in wages. c. firms apparently are not profit maximizers. d. the market has failed to properly allocate wages to different workers.
Which of the following are not financial intermediaries?
a. banks b. mortgage companies c. finance companies d. check cashing companies