Which of the following groups is (are) more likely to be poor?
a. Minorities
b. Indigenous people
c. Women
d. All of the above.
Answer: d. All of the above.
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The interest rate banks charge other banks for overnight loans is
A) the federal funds rate. B) targeted by the FDIC. C) higher than interest rates for securities and loans. D) lower than interest rates for loans, but higher than interest rates for securities.
How has the globalization of financial markets affected the way in which countries conduct their economic policies?
What will be an ideal response?
A binding price ceiling:
A. will cause quantity supplied to exceed quantity demanded. B. will increase total well-being. C. will set a legal minimum price in a market. D. will cause quantity demanded to exceed quantity supplied.
A demand curve illustrates;
(a) The relationship between the price of a good and the amount of that good that consumers are willing and able to buy. (b) The interaction of equilibrium price and equilibrium quantity. (c) How consumer behaviour changes in response to advertising. (d) The amount of a good that is supplied at every price.