If the graph shown is displaying a competitive market and the market is currently offering a wage less than P*:
A. there would be excess workers who want to work at that wage.
B. there would be unemployment in the market.
C. firms will have a hard time finding employees.
D. firms would be forced by government to adjust their wages back to equilibrium.
C. firms will have a hard time finding employees.
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In essence, a consumption tax puts all saving into tax-advantaged savings accounts
a. True b. False Indicate whether the statement is true or false
The threat of rejection in market transactions:
A. leads to better products for consumers. B. leads to lower prices for consumers. C. leads to greater cooperation between buyers and sellers. D. does all of these.
Which of these sets of nations are low-income developing nations?
A. Brazil, Australia, and South Africa. B. Uganda, Madagascar, and Burkina Faso. C. Canada, Switzerland, and France. D. Germany, South Korea, and Mexico.
Which of the following lists includes only banks' assets?
A) reserves, savings deposits, securities, and loans B) reserves, checkable deposits, securities, and loans C) reserves, securities, liquid assets, and savings deposits D) liquid assets, loans, securities, and reserves E) securities, reserves, checkable deposits, and liquid assets