Refer to the above table. Given the demand and cost schedules, what is the profit-maximizing price for this monopolist?
A) $9
B) $12
C) $11
D) $10
D
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A major reason for the existence of financial intermediaries is
A) transactions costs that would be incurred without their existence. B) the fees charged by dealers and brokers in direct finance are so high. C) the problem of symmetric information. D) to assist borrowers in buying securities in financial markets.
An important problem with the gold standard was that
A) it was too complicated and restricted business activity. B) a country did not have control of its domestic monetary policy. C) exchange rates tended to fluctuate a great deal, making it difficult for businesses to make long-run plans. D) one country could easily manipulate the system to its advantage and the disadvantage of other countries.
Junie is shopping for dinner. She picks up a package of hot dogs on sale, instead of the burgers she was intending to buy. She then heads over to buy a package of hot dog buns. Junie's change in the demand for hot dog is due to a change in:
A. the price of related goods. B. Junie's income. C. Junie's preferences. D. Junie's expectation of future prices.
Which of the following correctly portrays a bank's balance sheet?
A. Total Bank Assets = Total Bank Liabilities + Total Bank Capital B. Total Bank Assets = Total Bank Capital - Total Bank Liabilities C. Total Bank Liabilities = Total Bank Capital + Total Bank Assets D. Total Bank Assets = Total Bank Liabilities - Total Bank Capital