What do economists consider the “language” of the market system?
a. cash incentives
b. market prices
c. sales promotions
d. credit cards
b. market prices
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Interest rates are higher the
A) shorter the duration of the loan. B) greater the risk. C) larger the amount of the loan, holding other things constant. D) lower the inflation rate.
A main trading partner with the U.S. is:
A. Hungary. B. Russia. C. Italy. D. Canada.
It is always the best strategy to
A) not always be the first mover. B) be the first mover. C) never innovate. D) to seek accounting profits.
Suppose that the Federal reserve is concerned about the effects of falling stock prices on the economy. What could it do?
a. buy bonds to raise the interest rate b. buy bonds to lower the interest rate c. sell bonds to raise the interest rate d. sell bonds to raise the interest rate