Organized exchanges where securities and financial instruments are bought and sold are called
A) financial intermediaries.
B) financial markets.
C) banks.
D) financial branches.
B
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The opportunity cost of holding money
A. varies inversely with the interest rate. B. varies directly with the interest rate. C. varies inversely with the level of economic activity. D. is zero because money is not an economic resource.
Explain how the government gains revenue during inflation
What will be an ideal response?
When Frank's income rises from $29,000 to $34,000 per year, he increases his purchases of tomatoes from 20 pounds to 28 pounds per year. What is Frank's income elasticity of demand for tomatoes? (Use the midpoint formula
) According to Frank, are tomatoes an inferior or normal good?
The law of increasing opportunity costs implies that: a. a production possibilities curve will be bowed inward toward the origin
b. a production possibilities curve will be bowed outward away from the origin. c. a production possibilities curve will be a straight line. d. a production possibilities curve will be upward sloping.