Internet sites such as eBay make it easier for sellers and buyers to find one another and, by doing so,
a. reduce transactions costs.
b. increase transaction costs.
c. reduce the number of exchanges that occur.
d. lower the value created by the goods and services available.
A
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The purchase and sale of financial instruments is not included in calculations of investment spending because ________
A) not all of these transactions are reported to the federal government B) both foreign and domestic economic agents can engage in the described transactions, but only U.S. economic agents can engage in investment C) they do not necessarily lead to a change in the amount of output produced in the United States D) they are already including in consumption spending
If the demand for bus transportation in a city is inelastic, then the city should lower the price to increase revenue
Indicate whether the statement is true or false
Which economic organization would have the BIGGEST role in this part of the world?
a) opec b) nafta c) asean d) united nations
An individual deposits $12,000 in a commercial bank. The bank is required to hold 10 percent of all deposits on reserve at the regional Federal Reserve Bank. The deposit increases the loan capacity of the bank by:
A. $11,000 B. $10,800 C. $9,600 D. $6,000