Which of the following accounts for the largest percentage of spending by households in the United States?
a. durable goods
b. nondurable goods
c. services
d. insurance payments
e. underground activities (e.g., illegal activities)
C
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A market structure in which a small number of firms compete is called
A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.
When the central bank is focusing on internal balance, their main target in the economy is
A) a desired level of real GDP. B) a balance of payments equilibrium. C) a certain level of real money balances. D) reducing government debt.
A falling dollar makes U.S. goods
A) more expensive abroad and increases the volume of U.S. exports. B) less expensive abroad and increases the volume of U.S. exports. C) less expensive abroad and decreases the volume of U.S. exports. D) more expensive abroad and decreases the volume of U.S. exports.
In a _____ the outsider buys the shares with debt collateralized by its other assets, and sometimes also by the target's assets
a. merger b. cash tender c. proxy fight d. leveraged buyout