Which of the following statements is most accurate about the market for call loans:
a. During the 1920s, the supply of loans increased more than the demand.
b. During the 1920s, credit was being pulled into the stock market by the rising interest rates on call loans.
c. An increased willingness of banks to supply call loans was the decisive factor in causing the bull market.
d. The interest rates on call loans decreased significantly during the 1920s.
b. During the 1920s, credit was being pulled into the stock market by the rising interest rates on call loans.
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Because of their relatively small national economies, which of the following is most likely considered to be the most important factor for Belgium, Korea, and Canada to take full advantage of specialization?
A. division of labour B. international trade C. economies of scale D. command economy
In the decade immediately following emancipation, former slaves
a. were willing to work under the gang system in return for wages and benefits. b. decreased their labor supply. c. obtained ownership of roughly 40 percent of southern farms. d. moved to northern states in large numbers.
Owners of buildings can expect to collect ____ economic rent in the long run
a. much b. marginal c. a competitive d. little or no
Services can be thought of as
A) unvalued goods. B) unwanted goods. C) free goods. D) intangible goods.