Which of the following does NOT represent a way in which financial intermediaries take advantage of economies of scale?
A) paying lower brokerage fees per dollar invested
B) paying lower legal fees per dollar invested
C) purchasing sophisticated computer systems
D) paying lower taxes per dollar invested
D
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The U.S. debt to GDP ratio in 2014 was
A) less than 20 percent. B) 42.4 percent. C) 74.1 percent. D) greater than 85 percent.
As you move up along a straight-line demand curve,
A) the price elasticity of demand decreases in size. B) the price elasticity of demand increases in size. C) total revenue always decreases. D) total revenue always increases. E) total revenue never changes.
Based on the information in the table above, what is the relationship between x and y?
A) direct B) inverse C) positive D) No relationship exists between x and y.
If a worker’s nominal wage moves from $180 per week in a base period to $300 per week subsequently, but the real wage rises to only $240, we can conclude that
a. prices have increased faster than nominal wages. b. the price level has increased by 25 percent. c. the worker’s purchasing power has increased 67 percent. d. the worker’s purchasing power has increased 150 percent.