The stock market, banks, and savings and loans are three examples of institutions that economists would classify as belonging to the financial
A. capital market.
B. investment market.
C. savings markets.
D. labor market.
Answer: A
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A policy of "beggar-thy-neighbor" is a policy that
A) often benefits the home country in the long run. B) often benefits the foreign country in the long run. C) often benefits foreign country in the short run. D) does not often benefits any country in the long run. E) benefits the home country's neighbors in the long run.
Ashley recently got a 15 percent raise. She now purchases 7.5 percent more coffee. Ashley's income elasticity for coffee is
a. 0.5. b. 0.75. c. 1.5 d. 2.
An important role of central banks during a financial crisis is:
A. eliminating bank reserves. B. passing new bank regulations. C. acting as the lender of last resort. D. closing banks.
(Advanced analysis) Answer the question on the basis of the following information. The demand for commodity X is represented by the equation P = 100 - 2Q and supply by the equation P = 10 + 4Q. Refer to the given information. If demand changed from P =
100 - 2Q to P = 130 - Q, the new equilibrium quantity is: A. 15. B. 20. C. 24. D. 32.