Perfectly competitive markets are characterized by:
a. rivalry in product design
b. competition in terms of product quality.
c. attempts by sellers to outdo one another with good service.
d. none of the above.
d
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________ wages are wages paid by employers to increase worker motivation and productivity
A) Real B) Nominal C) Minimum D) Efficiency
An increase in the real risk-free interest rate causes the:
a. Preferred asset ratio for currency in circulation (C/D) to fall, which increases the quantity of real loanable funds supplied. b. Preferred asset ratio for customary reserves (U/D) to rise, which increases the quantity of real loanable funds supplied. c. Preferred asset ratio for near money (N/D) to fall, which increases the quantity of real loanable funds supplied. e. None of the above.
Which of the following is NOT considered a determinant of income differences?
A. equity or fairness B. productivity C. age D. discrimination
Which of the following did not contribute to the failing of Freddie Mac and Freddie Mae?
A) Problems with adverse selection. B) Problems with moral hazard. C) Weak regulatory oversight. D) Unethical accounting practices.