Which of the following is an example of a financial market?
A. A bank that only accepts deposits and issues loans.
B. An electronic network used for buying and selling textbooks.
C. A local coffeehouse where people regularly buy and sell financial instruments.
D. A central bank used for raising taxes and borrowing on behalf of the government.
Answer: C
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Holding all else constant, if the U.S. government restricts capital outflows, then the equilibrium value of the U.S. dollar will:
A. appreciate B. remain fixed. C. depreciate. D. be determined by the Federal Reserve.
In the figure above, suppose that Mac and Izzie trade and reach point c. Then
A) Mac produces outside his production possibilities frontier. B) Izzie produces outside her production possibilities frontier. C) Mac and Izzie both produce outside their production possibilities frontiers. D) neither Mac nor Izzie produce outside their production possibilities frontiers.
A member of a corporate board of directors that is also a manager of the business is known as
A) a shareholder. B) an inside director. C) a corporate governor. D) a partner.
Figure 2.1Refer to Figure 2.1. If you are producing 600 tons of agricultural products per year, what is the maximum amount of manufactured products you can produce per year?
A. 300 tons B. 500 tons C. 600 tons D. 700 tons