In the market for loanable funds in an open economy, the supply of loanable funds:
A. can come from domestic savers or savers abroad.
B. is equal to public savings.
C. is equal to private savings.
D. is equal to national savings.
Answer: D
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Testing a theory by comparing the theory's implications with data obtained in the real world is called
A) empirical analysis. B) descriptive calibration. C) historical variance analysis. D) univariate analysis.
Which factor would cause a movement along the demand curve for pizza?
A) an increase in the number of students in town B) a renewed preference for Italian food C) a drop in the price of pizza D) an increase in average income
A monopolized market is characterized by:
a. a sole seller of a product for which there are few suitable substitutes. b. very strong barriers to entry. c. a single firm facing the market demand curve. d. all of these.
A union can influence the demand for labor by:
A. requiring union fees. B. raising union fees. C. effective advertising that convinces customers to buy the "union label." D. lobbying for legislation to reduce immigration.