The pool of information collected by financial markets is usually:
A. valuable and not made available until the parties pay for it.
B. only available to lenders.
C. more than a borrower needs to make a loan.
D. summarized in the form of a price.
Answer: D
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People know that the inflation rate will decrease from 7 percent to 3 percent. As a result
A) the nominal interest rate falls by 4 percentage points. B) the nominal interest rate is constant. C) the nominal interest rate rises by 4 percentage points. D) the nominal interest rate equals 3 percent.
Which statement is true?
A. If the Metropolitan Opera had every opera star in the world under contract, it would be considered a monopoly because it had control over an essential resource in its business. B. There is no way to distinguish between the long run and the short-run if a monopoly is making a profit. C. Until the early 1960s, the National Football League had control of an essential resource, star football players, and was therefore able to maintain its monopoly status until the American Football League started drafting college stars in the early 1960s. D. All of the statements are true.
Figure 10.2 depicts a firm's marginal revenue product curve. If the wage rate is $15, how many workers will the firm demand?
A. four workers B. five workers C. six workers D. seven workers
One of the main features of modern societies is an enormous expansion of ____________________, meaning that most people rely on others for products and services.
Fill in the blank(s) with the appropriate word(s).